State RegulationsVA specificDifficulty 2/5
A Virginia producer completes a training program sponsored by her own agency and wants to count it toward her continuing education requirement. What limit applies to company- or agency-sponsored training, and what happens to hours earned above the limit?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
The Virginia Bureau of Insurance's continuing education rules, which implement Va. Code § 38.2-1866, cap company- or agency-sponsored training at 75 percent of the producer's total continuing education hours. Hours earned above that cap cannot be counted, and excess hours do not carry over into the next 2-year period. The rule pushes producers toward a mix of independent coursework rather than letting an employer's in-house program satisfy the entire obligation.
Why the other options are wrong
- A) The 75 percent cap exists precisely to limit employer-sponsored training, and Virginia does not allow excess hours to carry over.
- B) The cap is 75 percent of the total, not 25 percent, and excess hours still do not carry over.
- D) The cap figure is right, but the carryover is wrong; excess hours beyond the cap are simply lost.
Memory hook
Company training fills only 3 of every 4 CE hours, and the leftovers evaporate.