West Virginia Life and Health Insurance Exam
Need of a License: An individual who is acting as an agent or producer needs a license to sell life and health insurance in West Virginia.Who Grants a License: Licenses are granted by the West Virginia Offices of the Insurance Commissioner.
Qualifications to receive a License: Individuals who wish to obtain an insurance license in the State of West Virginia:
1. Be at least eighteen (18) years of age.
2. Be a resident of West Virginia.
3. Complete the pre-licensing education requirements.
4. Make a reservation and pay the examination fee.
5. Pass the examination.
6. Apply for a license.
Prelicense Education Requirements: A list of prelicense education providers is available on the insurance commissioner’s website.
Applying for the Producer Exam: It is highly recommended that the West Virginia Insurance Licensing Candidate Handbook be reviewed, and special attention be given to the content outlines (available at www.pearsonvue.com), before taking an examination. The State of West Virginia utilizes Pearson VUE to develop and administer its insurance licensing examination program. Online reservations are the most efficient way for candidates to schedule their examination. Candidates must go to www.pearsonvue.com/wv/insurance to make an online reservation for an examination. Candidates may call (800) 274-2614 to make an exam reservation by phone.
Test Information: A scaled score of 70 is required to pass the exam. The West Virginia Insurance Licensing Candidate Handbook contains specific content information beyond the following general outlines:
LIFE – GENERAL KNOWLEDGE CONTENT (50 scoreable questions plus 10 pretest questions)
I. TYPES OF POLICIES (12)
A. Traditional whole life products
B. Interest/market-sensitive life products
C. Term life
D. Annuities
E. Combination plans and variations
II. POLICY RIDERS, PROVISIONS, OPTIONS, AND EXCLUSIONS (19)
A. Policy riders
B. Policy provisions and options
C. Policy exclusions
III. COMPLETING THE APPLICATION, UNDERWRITING, AND DELIVERING THE POLICY (11)
A. Completing the application
B. Underwriting
C. Delivering the policy
IV. TAXES, RETIREMENT, AND OTHER INSURANCE CONCEPTS (8)
A. Third-party ownership
B. Group life insurance
C. Retirement plans
D. Life insurance needs analysis/suitability
E. Social Security benefits and taxes
F. Tax treatment of insurance premiums, proceeds, and dividends
LIFE-WEST VIRGINIA SPECIFIC CONTENT OUTLINE
State Statutes, Rules and Regulations (28 scoreable questions plus 6 pretest questions)
I. WEST VIRGINIA LAWS AND RULES COMMON TO LIFE, ACCIDENT AND SICKNESS INSURANCE
A. Insurance Commissioner
B. Definitions
C. Licensing
D. Unfair Trade Practices
E. Mass Marketed Life and Sickness Insurance
F. West Virginia Life and Health Guaranty Association
II. WEST VIRGINIA LAWS AND RULES PERTINENT TO LIFE INSURANCE ONLY
A. Replacement
B. Disclosure
C. Policy Clauses and Provisions
D. Group Life
E. Suitability in Annuity Transactions
ACCIDENT AND HEALTH – GENERAL KNOWLEDGE CONTENT (50 scoreable questions plus 10 pretest questions)
I. TYPES OF POLICIES (14)
A. Disability income
B. Accidental death and dismemberment
C. Medical expense insurance
D. Medicare supplement policies
E. Group insurance
F. Long Term Care (LTC)
G. Limited Benefit Plans
II. POLICY PROVISIONS, CLAUSES, AND RIDERS (20)
A. Mandatory provisions
B. Optional provisions
C. Other provisions and clauses
D. Riders
E. Rights of renewability
III. SOCIAL INSURANCE (3)
A. Medicare
B. Medicaid
C. Social Security benefits
IV. OTHER INSURANCE CONCEPTS (4)
A. Total, partial, and residual disability
B. Owner’s rights
C. Dependent children benefits
D. Primary and contingent beneficiaries
E. Modes of premium payments
F. Nonduplication and coordination of benefits
G. Occupational vs. non-occupational
H. Tax treatment of premiums and proceeds of insurance contracts
I. Managed care
J. Workers Compensation
K. Subrogation
V. FIELD UNDERWRITING PROCEDURES (9)
A. Completing application and obtaining necessary signatures
B. Explaining sources of insurability information
C. Initial premium payment and receipt and consequences of the receipt
D. Submitting application (and initial premium if collected) to company for underwriting
E. Ensuring delivery of policy and related documents to client
F. Explaining policy and its provisions, riders, exclusions, and ratings to clients
G. Replacement
H. Contract law
ACCIDENT AND SICKNESS-WEST VIRGINIA SPECIFIC CONTENT OUTLINE
State Statutes, Rules and Regulations (30 scoreable questions plus 6 pretest questions)
I. WEST VIRGINIA LAWS AND RULES COMMON TO LIFE AND ACCIDENT AND SICKNESS INSURANCE
A. Insurance Commissioner
B. Definitions
C. Licensing
D. Unfair Trade Practices
E. Mass Marketed Life & Sickness Insurance
F. West Virginia Life and Health Guaranty Association
II. WEST VIRGINIA LAWS AND RULES PERTINENT TO ACCIDENT AND SICKNESS INSURANCE ONLY
A. Required Disclosure Provisions; Individual Minimum A&S Standards
B. Requirements for Replacement; Individual
C. Medicare Supplement Insurance
D. Health Maintenance Organization Act
E. Corporations
F. Coverage for Newborn Children
G. Long-Term Care
H. Small Employer Group
I. Model Health Plan for Uninsurable Individuals
How to Apply for the License: An applicant must submit to the West Virginia Insurance Commissioner the following:
1. Completed Resident Agent Application
2. Original Pearson VUE passing score report
3. Original Certificate of Pre-licensing Course Completion (PL 789E)
4. License fee made payable to the West Virginia Insurance Commissioner
5. Letter of Clearance, if applicable
Licenses will be mailed to the licensee’s address of record.
State Licensing Information:
State of West Virginia
Office of the Insurance Commissioner
Agent Licensing and Education
PO Box 50541
Charleston, WV 25305-0541
www.wvinsurance.gov
Pearson VUE Licensing Information:
Pearson VUE
West Virginia Insurance
Attn: Regulatory Program
5601 Green Valley Dr.
Bloomington, MN 55437
(800) 274-2614
License Renewal Requirements: Individual Producer licenses must be renewed every two years and there is a continuing education requirement.
Applicable Regulations: Life and health insurance agents in West Virginia are regulated by the West Virginia Office of the Insurance Commissioner
For more information on life and health insurance agent licensing and exam preparation, go to Tests.com’s Life and Health Insurance Exam Guide.
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