{"law_id":"772674","section_number":"38.2-1357","catch_line":"Requirement to report to Commission","history":"2001, c. 706.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/38.2-1357\/","refers_to":[{"id":"794805","section_number":"59.1-69","catch_line":"Certificate required of person, partnership, limited liability company or corporation transacting business under assumed name","url":"\/59.1-69\/"},{"id":"767964","section_number":"59.1-70","catch_line":"Limited partnership, limited liability company or corporation to file copy of certificate with State Corporation Commission; fee; release certificate","url":"\/59.1-70\/"}],"url":"\/38.2-1357\/","token":"38.2\/13\/8\/38.2-1357","structure":{"1":{"id":"2722","name":"Licensing Of Reinsurance Intermediaries","identifier":"8","label":"article","url":"\/38.2\/13\/8\/"},"2":{"id":"1229","name":"Reports, Reserves And Examinations, Insurance Holding Companies, Reinsurance Intermediaries, And Managing General Agents","identifier":"13","label":"chapter","url":"\/38.2\/13\/"},"3":{"id":"7","name":"Insurance","identifier":"38.2","label":"title","url":"\/38.2\/"}},"referred_to_by":[{"id":"792128","section_number":"38.2-1834.1","catch_line":"Notification to Commission of termination; notice to agent; immunities; confidentiality; penalties","url":"\/38.2-1834.1\/"}],"edition_id":"11","section_id":"772674","structure_id":"2722","full_text":"A Each licensed reinsurance intermediary shall report any change in business or residence address or name within thirty calendar days to the Commission and to any contracted insurer.\r\rB In addition to the requirements of \u00a7\u00a7 59.1-69 and 59.1-70, any individual or business entity licensed as a reinsurance intermediary in this Commonwealth and operating under an assumed or fictitious name shall notify the Commission, at the earlier of the time the application for a reinsurance intermediary license is filed or within thirty calendar days from the date the assumed or fictitious name is adopted, setting forth the name under which the reinsurance intermediary intends to operate in Virginia. The Commission shall also be notified within thirty calendar days from the date of cessation of the use of such assumed or fictitious name.\r\rC Each licensed reinsurance intermediary convicted of a felony shall report within thirty calendar days to the Commission the facts and circumstances regarding the criminal conviction.\r\r","text":{"0":{"id":"2490888","text":"Each licensed reinsurance intermediary shall report any change in business or residence address or name within thirty calendar days to the Commission and to any contracted insurer.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1},"1":{"id":"2490889","text":"In addition to the requirements of \u00a7\u00a7 59.1-69 and 59.1-70, any individual or business entity licensed as a reinsurance intermediary in this Commonwealth and operating under an assumed or fictitious name shall notify the Commission, at the earlier of the time the application for a reinsurance intermediary license is filed or within thirty calendar days from the date the assumed or fictitious name is adopted, setting forth the name under which the reinsurance intermediary intends to operate in Virginia. The Commission shall also be notified within thirty calendar days from the date of cessation of the use of such assumed or fictitious name.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1},"2":{"id":"2490890","text":"Each licensed reinsurance intermediary convicted of a felony shall report within thirty calendar days to the Commission the facts and circumstances regarding the criminal conviction.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1}},"ancestry":{"1":{"id":"2722","name":"Licensing Of Reinsurance Intermediaries","identifier":"8","label":"article","url":"\/38.2\/13\/8\/"},"2":{"id":"1229","name":"Reports, Reserves And Examinations, Insurance Holding Companies, Reinsurance Intermediaries, And Managing General Agents","identifier":"13","label":"chapter","url":"\/38.2\/13\/"},"3":{"id":"7","name":"Insurance","identifier":"38.2","label":"title","url":"\/38.2\/"}},"structure_contents":{"0":{"id":"793597","structure_id":"2722","section_number":"38.2-1347","catch_line":"Definitions","url":"\/38.2-1347\/","token":"38.2\/13\/8\/38.2-1347"},"1":{"id":"784234","structure_id":"2722","section_number":"38.2-1348","catch_line":"License requirements","url":"\/38.2-1348\/","token":"38.2\/13\/8\/38.2-1348"},"2":{"id":"793761","structure_id":"2722","section_number":"38.2-1349","catch_line":"Required contract provisions; reinsurance intermediary brokers","url":"\/38.2-1349\/","token":"38.2\/13\/8\/38.2-1349"},"3":{"id":"790115","structure_id":"2722","section_number":"38.2-1350","catch_line":"Books and records; reinsurance intermediary brokers","url":"\/38.2-1350\/","token":"38.2\/13\/8\/38.2-1350"},"4":{"id":"776356","structure_id":"2722","section_number":"38.2-1351","catch_line":"Duties of insurers utilizing the services of a reinsurance intermediary broker","url":"\/38.2-1351\/","token":"38.2\/13\/8\/38.2-1351"},"5":{"id":"792182","structure_id":"2722","section_number":"38.2-1352","catch_line":"Required contract provisions; reinsurance intermediary managers","url":"\/38.2-1352\/","token":"38.2\/13\/8\/38.2-1352"},"6":{"id":"775489","structure_id":"2722","section_number":"38.2-1353","catch_line":"Prohibited acts","url":"\/38.2-1353\/","token":"38.2\/13\/8\/38.2-1353"},"7":{"id":"770450","structure_id":"2722","section_number":"38.2-1354","catch_line":"Duties of reinsurers utilizing the services of a reinsurance intermediary manager","url":"\/38.2-1354\/","token":"38.2\/13\/8\/38.2-1354"},"8":{"id":"790035","structure_id":"2722","section_number":"38.2-1355","catch_line":"Examination authority","url":"\/38.2-1355\/","token":"38.2\/13\/8\/38.2-1355"},"9":{"id":"771994","structure_id":"2722","section_number":"38.2-1356","catch_line":"Penalties and liabilities; grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license","url":"\/38.2-1356\/","token":"38.2\/13\/8\/38.2-1356"},"10":{"id":"772674","structure_id":"2722","section_number":"38.2-1357","catch_line":"Requirement to report to Commission","url":"\/38.2-1357\/","token":"38.2\/13\/8\/38.2-1357"}},"previous_section":{"id":"771994","structure_id":"2722","section_number":"38.2-1356","catch_line":"Penalties and liabilities; grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license","url":"\/38.2-1356\/","token":"38.2\/13\/8\/38.2-1356"},"references":[{"id":"771994","section_number":"38.2-1356","catch_line":"Penalties and liabilities; grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license","url":"\/38.2-1356\/"}],"formats":{"txt":"\/38.2-1357.txt","json":"\/38.2-1357.json","xml":"\/38.2-1357.xml"},"dublin_core":{"Title":"Requirement to report to Commission","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1357","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nREQUIREMENT TO REPORT TO COMMISSION (\u00a7 38.2-1357)\n\nA. Each licensed reinsurance intermediary shall report any change in business or\nresidence address or name within thirty calendar days to the Commission and to\nany contracted insurer.\n\nB. In addition to the requirements of \u00a7\u00a7 59.1-69 and 59.1-70, any individual\nor business entity licensed as a reinsurance intermediary in this Commonwealth\nand operating under an assumed or fictitious name shall notify the Commission,\nat the earlier of the time the application for a reinsurance intermediary\nlicense is filed or within thirty calendar days from the date the assumed or\nfictitious name is adopted, setting forth the name under which the reinsurance\nintermediary intends to operate in Virginia. The Commission shall also be\nnotified within thirty calendar days from the date of cessation of the use of\nsuch assumed or fictitious name.\n\nC. Each licensed reinsurance intermediary convicted of a felony shall report\nwithin thirty calendar days to the Commission the facts and circumstances\nregarding the criminal conviction.\n\nHISTORY: 2001, c. 706."}