100+ Free West Virginia Surplus Lines Practice Questions

The West Virginia surplus lines broker exam has 50 scored questions with a 1-hour time limit. You need to score 70% (35 correct answers) to pass. This gives you about 1.2 minutes per question, so preparation and time management are important.

West Virginia requires surplus lines broker candidates to have held an active Property & Casualty insurance license for at least 3 years. This is more stringent than many states and ensures that brokers have substantial real-world insurance experience before handling complex surplus lines transactions.

West Virginia requires fingerprints to conduct a criminal background check on all surplus lines broker applicants. Since brokers handle premium trust funds and have fiduciary responsibilities, the state must verify applicants are trustworthy. Fingerprinting is completed as part of the licensing application process.

West Virginia imposes a 4% surplus lines premium tax on all surplus lines policies placed in the state. The surplus lines broker is responsible for collecting this tax from the insured and remitting it to the WV Insurance Commissioner. This rate is higher than many neighboring states.

The exam is administered by PSI Services. Schedule online through the PSI website after receiving approval from the WV Insurance Commissioner's office. The exam fee is approximately $55 and is taken at a PSI testing center.

The exam covers surplus lines markets and operations (30%), West Virginia surplus lines law (25%), diligent search and eligibility (20%), and taxation and compliance including the 4% premium tax (25%). Coal mining and energy sector risks are relevant WV-specific topics.