West Virginia Seal

West Virginia

state commissioner

Allen L. McVey

STATE phone
(304) 558-0610
STATE LICENSE DIVISION ADDRESS

West Virginia Lottery Building

Appointments & Terminations

Required to report appointments?

Yes

Permits Just-in-time (JIT) appointments?

Yes

Initial appointment deadlines

Within 15 days of contract execution or first business submission

Initial appointment deadline rule

JIT appointments permitted. Appointment must be submitted within 15 days of the date the agent/agency contract is executed or the first piece of business is submitted to the carrier

Can be processed via nipr?

Yes

Fees for appointing a resident agency or individual?

$25

Fees for appointing a non resident agency or individual?

$25

Appoint agencies?

No

Adjuster appointments via NIPR?

No

Appointment effective date can be specified?

Yes

Appointment effective date rule

May be backdated up to 15 days prior to application date, but must not precede effective date of appointee.

State requires appointment renewal?

Yes

Appointment renewals via

Via NIPR

When is the state renewal period?

June 6, 2022 until Aug. 31, 2022

Appointment renewal fee

$25

Appointment Terminated if license expires?

Yes

Terminations processed via NIPR?

Yes

Termination reasons

Voluntary termination; inadequate production; cancelled by general agent; death; company defunct or liquidation; company indebtedness; poor policyholder services; agent moved; appointed in error

Termination date can be specified by carrier?

No

Termination Effective date rule

Effective date of an approved termination will always be the date the transaction is processed. If a requested effective date is given in the transaction, it will be ignored

Termination fee

No fee

Licensing

Initial individual new license fee

Resident New License Insurance Producer: $50 Resident New License Surplus Lines Broker: $200 Non Resident New License Insurance Producer: $50 Non Resident New License Surplus Lines Broker: $200

License renewal fee

Resident: Insurance Producer Renewal Fee: $50 Late Renewal Fee: $50 Surplus Lines Renewal Fee: $200 Late Renewal Fee: $100 Viatical Settlement Broker Renewal Fee: $100 Late Renewal Fee: $50 Adjuster Classes Renewal Fee: $50 Late Renewal Fee: $50 Nonresident: Insurance Producer Fee: $50 Late Renewal Fee: $100 Surplus Lines Fee: $200 Late Renewal Fee: $300 Viatical Settlement Broker Fee: $100 Late Renewal Fee: $150

When does the resident individual producer license renewal period begin?

90 days before expiration

What is the resident individual producer license renewal date?

Last day of birth month every 2 years based on year of first state license issue

Late renewal or reinstatement period for resident individual producer license?

Late renewal allowed up to one year after expiration

When does the nonresident individual producer license renewal period begin?

90 days before expiration

What is the nonresident individual producer license renewal date?

Last day of birth month every 2 years based on year of first state license issue

Late renewal or reinstatement period for nonresident individual producer license?

Late renewal allowed up to one year after expiration

Can a producer use a P.O. Box in their resident or business address?

N/A

Are individuals required to list their county as part of the address?

No

What addresses are required for individual license maintenance?

Residence, Business, and Mailing

State individual licenses include

Viatical Settlement Broker, Independent Adjuster, Surplus Lines, Property & Casualty, Life, Insurance Producer, Company Adjuster, Public Adjuster, Crop Adjuster, Risk Retention

Appointment Terminated if license expires?

Yes

State broker license rule

Included in Producer License Class. Insurers are not required to appoint Brokers per NAIC PLMA

Requires pre licensing courses?

Yes

Study method requirements

Supervised instruction, monitored self study

Submission of completion certificate rule

Original certificate must be presented at exam site and submitted with the license application.

How long is the pre licensing certification valid?

The applicant must appear for the licensing examination within 90 days of receiving the certificate of pre-licensing course completion.

Exemptions to pre licensing requirements

Pre-license education is not required of: a. a CLU or CPCU designee; or b. an applicant for a license that does not require an exam.

Agency

Can a sole proprietor be licensed as an entity?

Yes

DRLP must have active state license

Yes

DRLPs must cumulatively cover all LOAs in application

No

Agency Licensing renewals

March 1st until June 30th, annually. Late renewal period ends one year after expiration date.

Agency License required?

Yes

Affiliations: Indicates if producers selling on behalf of/through an entity must be formally affiliated with that entity and if the entity must notify the department of changes

All producers selling on behalf of or through a business entity are affiliated.

Branch office

Main license meets requirements

Adjuster

Requires adjuster license?

Yes

Offers designated home state?

Yes

DHS exam required?

Yes

Reciprocity states

AK, AL, AR, AZ, CT, DE, FL, GA, ID, IN, KY, LA, ME, MI, MN, MS, MT, NC, NH, NM, NV, OK, OR, SC, TX, UT, VT, WA

Which states require an exam for reciprocity?

CA, HI, NY, PR, WY

Independent adjuster LOAS

Property and Casualty Crop Workers’ Compensation

Independent adjuster fees

Licensing Fee: $50 Renewal Fee: $50.00 Late Renewal Fee: $50.00

Independent adjuster exam required?

Yes

Independent adjuster renewal date

Biennially, on the last day of the birth month.

Independent adjuster details

Non resident applicants must be a licensed resident of a state that grants reciprocal licensing to West Virginia adjusters. On July 1st. 2021, Crop adjusters will be changed to have both the company and individual crop adjuster licenses.

Emergency adjuster details

In the event of an emergency, one that is not licensed in WV can adjust claims. The fee for the application is $25 and the license will expire on the date the commissioner specifies. If none is specified, it will expire on May 31st.

Continuing Education

Total hours per renewal period

24

Renewal period

2 years

CE due before license renewal date?

Yes

License renewal date is

Last day of birth month

License renewal year based on...

Year of first license issuance

When is the CE due?

Prior to license expiration.

How long before expiration does state send CE reminder?

90 days prior to expiration date

Exemptions to CE

Producers newly licensed after July 1 of the second year of the biennium are exempt from CE requirements for that renewal period. Those holding licenses for only limited lines credit are exempt from CE. Those holding limited lines licenses for which an exam isn’t required are exempt from CE Those holding any limited or restricted licenses that the commissioner may declare exemption with the state. Adjusters are exempt from CE.

What if a producer missed the renewal date?

Licensee has one year to late renew the license and pay penalties. License is suspended until requirements are met.

CE instructors get credit for teaching courses?

Yes, a single course per renewal period.

Ethics requirements

3

Flood-specific CE requirements

3 hours of NFIP course

LTC-specific CE requirements

8-hour initial certification, with 4 hours of LTC-specific training every two years

Annuity-specific CE requirements

One-time, 4-hour course

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