Virginia Insurance Continuing Education State Requirements

On this page, you will find all of the state-specific information for Insurance CE in the state of Virginia.

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)

General Inquiries: BureauOfInsurance@scc.virginia.gov

Agent Licensing: AgentLicensing@scc.virginia.gov

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Annuity Requirements

Annuity Best Interest Training Requirement

A producer who sells 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 before 9/1/2021 must, within six months after the 9/1/2021 effective date, complete either:

a new 4-credit annuity best interest training course approved by the Department of Insurance after the 9/1/2021 date; or
an additional one-time, 1-credit annuity best interest training course approved by the Department of Insurance and provided by a Department of Insurance-approved education provider on appropriate sales practices and replacement and disclosure requirements.

Long-Term Care Training

Agents wishing to sell long-term care partnership policies in Virginia must complete an initial 8-hour training program before selling long-term care Partnership policies and 4 hours of ongoing training biennially after that. The training must be approved for continuing education and follow the rules' content guidelines. Two of the initial and ongoing training hours 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 for verifying that their agents have received the training and providing 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 Requirements

This 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 Requirements

Resident 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-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, an online course, etc.) if the course material is the same.

Exam Rules

Online certification exams are a closed book. Course materials are not available while the exam is in progress. The final exam must be passed with a 70% or higher score to receive CE credit. Students have unlimited retakes if the exam is not passed on the first attempt. After three exam attempts, the student has to wait 30 days to attempt the exam again.

Proctor/Monitor Requirements

Effective June 7, 2016, Virginia removed their proctor requirement for Insurance Continuing Education.

Period Requirements

Resident agents must complete the required number of Virginia-approved course credits on or before the license expiration date.
Resident agents must complete at least three Ethics credit hours* in each biennium. Ethics courses categorized as Other General Insurance (OGI) credits will not be applied to the Ethics requirement.

* For consultants/producers only. This may include Insurance Laws and Regulations

Consultant/Producer

Suppose a resident agent holds a producer license and a related consultant license. In that case, one must only satisfy the requirements for one of those licenses to comply.
Resident agents holding one license type or both Life & Annuities and Health licenses must complete 16 credit hours of CE.
Resident agents holding two or more license types must complete 24 credit hours of CE, with a minimum of eight credit hours applicable to each license type held.
No more than 75 percent of required credits may come from courses provided or given by insurance agencies or insurance companies. This includes all insurance companies or agencies, not just companies or agencies with which one is associated."

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 ten days of completion. Need the agent’s VA license number or NPN to report.

State Reporting Fees

Effective February 1, 2021, the Virginia Insurance Continuing Education Board will charge 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 their students receive for taking the class. This credit may only be claimed once per biennium.

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.