State RegulationsVA specificDifficulty 2/5
Which applicant may qualify for an exemption from the prelicensing examination requirement for a Virginia producer license?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Va. Code § 38.2-1817 excuses an applicant from the prelicensing examination when the applicant held a license for the same line of authority in his or her home state, is in good standing, and applies while still licensed there or within the statutory window after that license was canceled. Good standing may be evidenced by home-state certification or by the producer database maintained by the NAIC. Virginia grants the waiver on the strength of a comparable, current home-state credential, as verified by the Virginia Bureau of Insurance.
Why the other options are wrong
- A) Academic degrees are not the statutory basis for the examination waiver.
- B) Insurer sponsorship and in-house training do not substitute for the examination requirement.
- D) The waiver requires the same line of authority in the applicant's home state, not any prior examination in any line.
Memory hook
Move with your license and good standing, and Virginia may skip the exam.