CODE OF VIRGINIA

PENALTY FOR ACTING FOR INSURER, JOINT UNDERWRITING ASSOCIATION, ETC., WHEN NOT
LICENSED (§ 38.2-1823)

Any person submitting business, in violation of § 38.2-1822, while the person
is not a holder of a valid agent’s license to transact the class of
insurance involved shall be penalized a sum equal to the first year commission
for the placement of that business and in addition shall be subject to the
penalties prescribed in §§ 38.2-218 and 38.2-1831.

HISTORY: 1979, c. 513, § 38.1-327.34; 1981, c. 604; 1985, c. 616; 1986, c. 562;
1987, c. 521.