Subject to the provisions of § 38.2-4704, a licensed insurance premium finance company may renew its license on July 1 of each year, upon payment of a nonrefundable annual license fee of $200, unless the license has been surrendered, suspended or revoked.
Renewal of license
Va. Code Ann. § 38.2-4703, under Chapter 47. Insurance Premium Finance Companies..
Va. Code Ann. § 38.2-4703