Licensing Of Surplus Lines Brokers
This is Article 5.1 of the Code of Virginia, titled “Licensing Of Surplus Lines Brokers.” It is part of Title 38.2, titled “Insurance.” It is part of Chapter 18, titled “Insurance Agents.” It’s comprised of the following 9 sections.
- § 38.2-1857.1
- Property and casualty insurance agents may be licensed as surplus lines brokers for certain insurance from unlicensed insurers
- § 38.2-1857.2
- Applications for surplus lines brokers' licenses
- § 38.2-1857.3
- Fees for surplus lines brokers' licenses
- § 38.2-1857.4
- Term of licenses; renewal
- § 38.2-1857.5
- Requirement to report to Commission
- § 38.2-1857.6
- Accepting and placing surplus lines business
- § 38.2-1857.7
- Grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license
- § 38.2-1857.8
- Refusal to issue and revocation of license; hearing; new application
- § 38.2-1857.9
- Licensing nonresidents; clerk of the Commission to be appointed agent for service of process; reciprocal agreements with other states and Canadian provinces