§ 38.2-1837 Definitions
As used in this article: “Insurance consultant” means any individual or business entity who acts as an independent contractor in relation to his client and for a fee or compensation, other than from an insurer or agent or surplus lines broker, advises or offers or purports to advise, as to life and health or property and casualty insurance, any person actively or prospectively insured. “Insurance consultant” shall not include:
1. Any licensed attorney acting in his professional capacity;
2. A trust officer of a bank acting in the normal course of his employment;
3. Any actuary or certified public accountant who consults during the normal course of his business; and
4. Any person employed as a risk manager and who consults for his employer only. “Life and health insurance consultant” means an insurance consultant whose services are limited to insurance as defined in §§ 38.2-102 through 38.2-109 or health services as provided for in Chapters 42 (§ 38.2-4200 et seq.) and 43 (§ 38.2-4300 et seq.) of this title. “Property and casualty insurance consultant” means an insurance consultant whose services are limited to insurance as defined in §§ 38.2-110 through 38.2-122 and 38.2-124 through 38.2-134.
History
This law was first created in 1985. The record of its establishment is cataloged in chapter 3 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 1985 “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 1986, chapter 562; in 1987, chapters 521 and 678; in 1992, chapter 574; in 2001, chapter 706.
1985, c. 3, § 38.1-327.62; 1986, c. 562; 1987, cc. 521, 678; 1992, c. 574; 2001, c. 706.