Licensing Of Reinsurance Intermediaries
This is Article 8 of the Code of Virginia, titled “Licensing Of Reinsurance Intermediaries.” It is part of Title 38.2, titled “Insurance.” It is part of Chapter 13, titled “Reports, Reserves And Examinations, Insurance Holding Companies, Reinsurance Intermediaries, And Managing General Agents.” It’s comprised of the following 11 sections.
- § 38.2-1347
- Definitions
- § 38.2-1348
- License requirements
- § 38.2-1349
- Required contract provisions; reinsurance intermediary brokers
- § 38.2-1350
- Books and records; reinsurance intermediary brokers
- § 38.2-1351
- Duties of insurers utilizing the services of a reinsurance intermediary broker
- § 38.2-1352
- Required contract provisions; reinsurance intermediary managers
- § 38.2-1353
- Prohibited acts
- § 38.2-1354
- Duties of reinsurers utilizing the services of a reinsurance intermediary manager
- § 38.2-1355
- Examination authority
- § 38.2-1356
- Penalties and liabilities; grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license
- § 38.2-1357
- Requirement to report to Commission