How To Renew Your Insurance License In Virginia
In Virginia, most insurance licenses are perpetual, which means they do not expire. However, licensees must adhere to continuing education requirements and pay a continuance fee every biennium (two years). Each biennium expires December 31 of even-numbered years.
There is no requirement to take another exam from the state, though depending on the format of your continuing education, it is possible that you may take a short knowledge test at the end of the course to be sure that you understand important insurance concepts, laws, and regulations.
If this this is the state you reside in, then renewing your license will also keep any non-resident license you have in good standing. You will still need to pay the license renewal fee for non-resident licenses held in other states.
1. Virginia Insurance Continuing Education Requirements
The State of Virginia requires that resident individual licensees who have two or more license types complete twenty-four (24) credit hours of continuing education every two year-renewal period. At least eight (8) hours must be applicable to each license type you hold.
If you have only one license type or hold both Life & Annuities and Health licenses, the state of Virginia requires that you complete sixteen (16) credit hours of continuing education every two-year renewal period.
No matter which continuing education requirements apply to you, three (3) of your credit hours must be in the subject of ethics.
Note: It is recommended to complete all continuing education credits thirty (30) days prior to the expiration date of the license. This will give the CE provider time to report the successful completion to the department of insurance. Your CE courses can be taken any time within your license term
If you have a producer license in more than one line of authority (ex. Property & Casualty and Life & Health), you do not need to complete double the hours.
You may take your continuing education courses either in person in a classroom setting or online as a self-paced course. The online courses usually require a reading of the subject at hand, then a test at the end.
Upon completion of these courses, the company who you took the course should send the certificate of completion directly to the state. You should, however, print a copy of this certificate to keep in your records just in case there is a dispute later.
2. How To Renew Your Insurance License In Virginia
To keep your perpetual insurance license active, complete your continuing education requirements and pay your continuance fee by November 30 of every even-numbered year.
The continuance fee is $22.
To pay your fee and verify that your continuing education credits are valid you will use the Virginia State Information Center.
Once this process is complete, your license will be renewed and your new expiration date will be two years from your previous expiration date.
Virginia Insurance License Lookup
You can view your current accrued CE credits using the Virginia State Information Center Insurance Licensing Search and Renewal tool.
If you don’t know your insurance license number, you can inquire online through the Virginia State Information Inquiry System.
Information on this page has been gathered by a multitude of sources and was most recently updated in July 2019.Any Information on this site is not guaranteed or warranted to be correct, accurate, or up to date. Huge Hammer LLC and its members and affiliates are not responsible for any losses, monetary or otherwise. For more information, please contact your state’s authority on insurance. Disclosure: StateRequirement has an affiliation with Kaplan Education company, and may receive compensation based on user activity on this site. We truly believe that Kaplan offers excellent products and services, and compliments the mission of StateRequirement.