76921138.2-1857.7Virginia Decodedhttps://vacode.org2016InsuranceInsurance AgentsLicensing Of Surplus Lines BrokersGrounds for placing on probation, refusal to issue or renew, revocation, or suspension of license2001, c. 706; 2011, c. 498.http://law.lis.virginia.gov/vacode/38.2-1857.7/38.2-218Penalties and restitution payments/38.2-218//38.2-1857.7/38.2/18/5.1/38.2-1857.7 Providing materially incorrect, misleading, incomplete or untrue information in the license application or any other document filed with the Commission;section112 Obtaining or attempting to obtain a license through misrepresentation or fraud;section332 Improperly withholding, misappropriating or converting any moneys or properties received in the course of doing business;section442 Engaging in the practice of rebating;section552 Intentionally misrepresenting the terms of an actual or proposed insurance contract or application for insurance;section772 Having been convicted of a felony;section882 Having admitted or been found to have committed any insurance unfair trade practice or fraud;section992 Using fraudulent, coercive, or dishonest practices, or demonstrating incompetence, or untrustworthiness in the conduct of business in this Commonwealth or elsewhere, or demonstrating financial irresponsibility in the handling of applicant, policyholder, agency, or insurance company funds;section10102 Having an insurance producer, surplus lines broker, or consultant license, or its equivalent, denied, suspended or revoked in any other state, province, district or territory;section11112 Improperly using notes or any other reference material to complete an examination for an insurance license;section13132 Knowingly accepting insurance business from an individual who is not licensed;section14142 Failing to comply with an administrative or court order imposing a child support obligation; orsection15152 Failing to pay state income or premium license tax or comply with any administrative or court order directing payment of state income tax.section16162