™Your Policy Risk Impact Agent
68 chapters · 1,805 sections in this title.
Va. Code Ann. § 38.2-1857.6 Accepting and placing surplus lines business
0.6K chars
No surplus lines broker shall accept surplus lines business from any person other than an applicant for insurance or a duly licensed property or casualty insurance agent, nor shall such surplus lines broker compensate any person other than a duly licensed property or casualty ins…
Va. Code Ann. § 38.2-1857.7 Grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license
2.3K chars
The Commission may, in addition to or in lieu of a penalty imposed under § 38.2-218, place on probation, suspend, revoke or refuse to issue or renew any surplus lines broker's license for any one or more of the following causes: 1. Providing materially incorrect, misleading, inco…
Va. Code Ann. § 38.2-1857.8 Refusal to issue and revocation of license; hearing; new application
2.6K chars
A. If the Commission is of the opinion that any applicant for a surplus lines broker's license is not of good character or does not have a good reputation for honesty, it may refuse to issue the license, subject to the right of the applicant to demand a hearing on the application…
Licensing nonresidents; clerk of the Commission to be appointed agent for service of process; reciprocal agreements with other states and Canadian provinces
2.3K chars
A. An individual or business entity who is not a resident as defined in § 38.2-1800, but who is a resident of another state, territory, or province of Canada, shall receive a nonresident surplus lines broker license if: 1. The applicant presents proof in a form acceptable to the …