18-181A 18-181A . . . Insurance Agents Stock Option Plan under which Compensation Committee may grant Non-qualified Stock Options to any insurance agent who signs agreement which commits agent to produce at least $300,000 of premiums during specific three-year period ("Qualification Period"). Number of shares covered by option is equal to agent's premium commitment divided by $100, and options become exercisable only to extent agent satisfies his or her minimum commitment for premiums during Qualification Period, and only to extent loss ratios for insurance business written meet or exceed certain performance criteria
West Virginia Insurance Agents Stock option plan
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FAQ
Does West Virginia require an adjuster license? If you want to be able to work as an insurance adjuster in West Virginia, you are required to pass the adjuster exam and obtain your independent adjuster license.
The 4.55% is broken out as Surplus Lines Tax (88% of 4.55%) and Surcharge Payable (12% of 4.55%). Is there a stamping fee? No. West Virginia does not have a stamping office.
Individuals who wish to obtain an insurance license in the state of West Virginia must: Complete all pre-licensing education. ... Make a reservation and pay the examination fee. ... Take the examination. ... After passing the examination make a fingerprint reservation. ... Get fingerprinted. ... Apply for a license.
You are eligible for PEIA insurance if you are: ? a full-time employee (working regularly at least 20 hours per week); ? an elected official who works full-time in the elected position; ? a member of the West Virginia Legislature (must pay 100% of the premium); ? a member of the West Virginia Board of Education (must ...
Surplus lines tax: 4.55%, collected and remitted to Commissioner by surplus lines licensee.