§ 38.2-1823 Penalty for acting for insurer, joint underwriting association, etc., when not licensed
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
This law was first created in 1979. The record of its establishment is cataloged in chapter 513 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1979 “Acts” aren’t available online. It has been modified 4 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1981, chapter 604; in 1985, chapter 616; in 1986, chapter 562; in 1987, chapter 521.
1979, c. 513, § 38.1-327.34; 1981, c. 604; 1985, c. 616; 1986, c. 562; 1987, c. 521.