On this page, you will find all of the state-specific information for Insurance CE in the state of Virginia. Show
Bureau of Insurance Mailing Address: P.O. Box 1157 Richmond, Virginia 23218-1157 Physical Address: Tyler Building, 1300 E. Main St. Richmond, Virginia 23219 (804) 371-9741 or 1-800-552-7945 (VA Only) Annuity RequirementsAnnuity Best Interest Training Requirement A producer who engages in the sale of annuity products must complete a one-time, 4-credit training course approved by the Department of Insurance and provided by the Department of Insurance-approved education provider. Producers may not engage in the sale of annuities until the annuity training requirement has been completed. A producer who has completed a 4-credit annuity suitability training course approved by the Department of Insurance prior to 9/1/2021 must, within 6 months after the 9/1/2021 effective date, complete either:
Long-Term Care TrainingAgents wishing to sell long-term care partnership policies in Virginia must complete an initial 8-hour training program prior to selling long-term care Partnership policies and 4 hours of ongoing training biennially thereafter. The training must be approved for continuing education and follow the content guidelines established by rule. Two of the hours of both the initial and ongoing training
must consist of Virginia specific content. Training completed for another state can be used to satisfy the non Virginia-specific portion as long as the training is CE approved and identified as CE for long-term care. Insurers are responsible to verify that their agents have received the training and provide documentation to the Bureau upon request. Failure to complete the ongoing 4-hour refresher long-term care training course within 24 months of completion of the last training course (8-hour initial course or 4-hour refresher course) will waive the initial 8-hour course completion and will require the producer to retake the initial 8-hour training course. Flood RequirementsThis state has issued a notice reminding licensees who sell flood insurance of their requirement to comply with the minimum 3 hours of training requirements established by FEMA and the National Flood Insurance Program. All Other State RequirementsResident Requirements Licensees must complete at least 16 hours of CE specific to the license held if only one license is held, and 24 hours with at least 8 hours in each license type if two or more licenses are held. Three (3) hours must consist of insurance ethics material, which may include material on insurance law and regulations. No more than 75% of required credits may come from agency-sponsored or company-sponsored courses. Please visit
www.virginiainsurancece.com for more information. Kaplan Financial Education's online courses are categorized as non-company/non-agency sponsored. Virginia has issued a notice reminding licensees who sell flood insurance of their requirement to comply with the minimum training requirements established by FEMA and the National Flood Insurance Program. Non-Resident Requirements Non-resident producers are eligible for compliance based on reciprocity between the laws of Virginia and all other states. Non-residents must submit CE filing fee to the CE administrator by November 30th. Non-resident agents selling partnership LTC must comply with the Virginia training requirement. Course Repetition Course repetition is not permitted within the compliance/renewal period. Please note that agents cannot receive CE credit for a course taught in alternative formats (a classroom course, online course, etc.) if the course material is the same. Exam Rules Online certification exams are closed book. Course materials are not available while the exam is in progress. The final exam must be passed with a score of 70% or higher to receive CE credit. If the exam is not passed on the first attempt, students have an unlimited number of retakes. Proctor/Monitor Requirements Effective June 7, 2016, Virginia removed their proctor requirement for Insurance Continuing Education. Period Requirements For newly licensed producers, if a license was issued in the odd-numbered year (i.e., 2015, 2017) of the biennium the licensee must complete CE for that license type. If a license was issued in the even numbered year of the biennium (i.e., 2016, 2018) the licensee is exempt from CE for the current biennium only. However, if the licensee takes any CE courses in the current biennium, they must pay the nonrefundable $22 Continuance Fee by the end of the biennium (November 30th) to have carry forward credits applied to the next biennium. The nonrefundable $22 Continuance Fee must be paid by both resident and nonresident agents, and must be received by Pearson VUE by December 31, 2020. Carryover Requirements Carryover credits may be carried over to the next reporting period, but must be reported
in the biennium period in which the course was taken. Reporting Requirements Report within 10 days of completion. Need agent’s VA license number or NPN to report. State Reporting Fees Effective February 1, 2021, the Virginia Insurance Continuing Education Board will be charging a course reporting fee of $2.60 per credit hour (online and self-study). This state reporting fee will be automatically charged to you (on the last credit card used in your account) each time you complete an online or self-study course. Instructor Credit Individuals acting as instructors for continuing education courses receive the same amount of CE credit as his or her students receive for taking the class. This credit may only be claimed once per biennium. Exemptions Individuals who are at least 65 years old and who have held a Virginia license for 20 consecutive years are exempt from CE requirements. Individuals who are at least 65 years old and continuously licensed for the preceding 4 years and hold a license authority in VA for at least 20 of the preceding 30 years may also be exempt from CE requirements. Acceptable Training Methods
Notice This information is based on state laws and regulations and is subject to change. Kaplan Financial Education makes every effort to make sure this information is current and accurate, however, Kaplan Financial Education is not engaged in rendering legal or professional advice and shall not be held responsible for inaccuracies contained herein. How many CEU are required in Virginia?Residents must complete 24 credit hours of CE which includes 3 hours of Ethics.
Which of the following correctly shows the continuing education requirements for an agent licensed in more than one authority in Virginia?Virginia licensed Producers licensed in two or more lines of authority are required to take 24 hours of CE, including 3 hours of ethics, each biennium. At least 8 credits must be specific to each license type.
How many credit hours of continuing education must a new agent complete every 2 years in Florida?(3) Each licensee except a title insurance agent must complete a 5-hour update course every 2 years which is specific to the license held by the licensee. The course must be developed and offered by providers and approved by the department.
How many continuing education credits are required every 2 years to maintain a license in the state of Michigan?You are required to earn 25 continuing education credits/contact hours or 2.5 CEUs in each 2-year licensure cycle.
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