{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1857.4_1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1857.4_1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1857.4_1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1857.4_1.html"}],"law_id":55432,"edition_id":1,"section_id":55432,"structure_id":13988,"section_number":"38.2-1857.4:1","catch_line":"Renewal application and fee; reinstatement; waiver","history":"2019, c. 675.","full_text":"A\n\nBeginning January 1, 2021, each individual surplus lines broker shall submit biennially to the Commission a renewal application in a form and manner prescribed by the Commission, along with a nonrefundable renewal application processing fee prescribed by the Commission, for the renewal of the license. Licenses shall be renewed biennially based on the broker’s month and year of birth. The license for a surplus lines broker born in an even-numbered year shall expire at the end of the broker’s birth month in even-numbered years. The license for a surplus lines broker born in an odd-numbered year shall expire at the end of the broker’s birth month in odd-numbered years. Any surplus lines broker license for which the renewal application and nonrefundable renewal application processing fee have been received by the Commission and all other applicable licensing and renewal provisions in this chapter have been met shall, unless the license has been terminated, suspended, or revoked, be renewed for a two-year period. Any surplus lines broker license for which the renewal application and nonrefundable renewal application processing fee have not been received by the Commission shall automatically be terminated.B\n\nOn or before May 1, 2021, and biennially thereafter, each business entity licensed as a surplus lines broker shall submit to the Commission a renewal application, along with a nonrefundable renewal application processing fee prescribed by the Commission, for the renewal of the license. Any surplus lines broker license for which the required renewal application and nonrefundable renewal application processing fee have been received by the Commission and all other applicable licensing and renewal provisions in this chapter have been met shall, unless the license has been terminated, suspended, or revoked, be renewed for a two-year period. Any surplus lines broker license for which the required renewal application and nonrefundable renewal application processing fee have not been received by the Commission shall automatically be terminated.C\n\nThe nonrefundable renewal application processing fee shall be paid in a manner and in an amount prescribed by the Commission. The nonrefundable renewal processing fee shall be collected by the Commission and paid directly into the state treasury and credited to the fund for the maintenance of the Bureau of Insurance as provided in subsection B of § 38.2-400.D\n\nAn individual surplus lines broker whose license terminates due to failure to renew may, within 12 months from the renewal date, reinstate the same license by submitting the renewal application and a nonrefundable reinstatement processing fee equivalent to double the nonrefundable renewal application processing fee and by complying with all other applicable licensing and renewal provisions in this chapter.E\n\nA licensed surplus lines broker’s failure to file the maintenance assessment report required by § 38.2-406 or pay the maintenance assessment and any related fines, penalties, and interest required by § 38.2-403 on or before the first day of March of each year shall result in the termination of the surplus lines broker license.F\n\nAn individual surplus lines broker who is unable to comply with the license renewal requirements due to military service or another extenuating circumstance such as a long-term illness or incapacity may request a waiver of those requirements. Requests for waivers of renewal requirements shall be made in a form and manner prescribed by the Commission. Surplus lines brokers seeking a waiver of renewal requirements shall submit all documentation specified by the Commission so as to be received by the Commission no later than the last day of the renewal period. After the renewal period, surplus lines brokers who have failed to complete the renewal waiver requirements may request a waiver from the reinstatement requirements set forth in subsection D within the 12-month reinstatement period. The Commission shall approve or disapprove the waiver request within 30 calendar days of receipt thereof, and shall provide written notice of its decision to the applicant for waiver within five calendar days of rendering its decision. Any waiver granted pursuant to this section shall be valid only for the renewal period or reinstatement period for which the waiver request was made.","order_by":null,"text":{"0":{"id":203219,"text":"Beginning January 1, 2021, each individual surplus lines broker shall submit biennially to the Commission a renewal application in a form and manner prescribed by the Commission, along with a nonrefundable renewal application processing fee prescribed by the Commission, for the renewal of the license. Licenses shall be renewed biennially based on the broker’s month and year of birth. The license for a surplus lines broker born in an even-numbered year shall expire at the end of the broker’s birth month in even-numbered years. The license for a surplus lines broker born in an odd-numbered year shall expire at the end of the broker’s birth month in odd-numbered years. Any surplus lines broker license for which the renewal application and nonrefundable renewal application processing fee have been received by the Commission and all other applicable licensing and renewal provisions in this chapter have been met shall, unless the license has been terminated, suspended, or revoked, be renewed for a two-year period. Any surplus lines broker license for which the renewal application and nonrefundable renewal application processing fee have not been received by the Commission shall automatically be terminated.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":203220,"text":"On or before May 1, 2021, and biennially thereafter, each business entity licensed as a surplus lines broker shall submit to the Commission a renewal application, along with a nonrefundable renewal application processing fee prescribed by the Commission, for the renewal of the license. Any surplus lines broker license for which the required renewal application and nonrefundable renewal application processing fee have been received by the Commission and all other applicable licensing and renewal provisions in this chapter have been met shall, unless the license has been terminated, suspended, or revoked, be renewed for a two-year period. Any surplus lines broker license for which the required renewal application and nonrefundable renewal application processing fee have not been received by the Commission shall automatically be terminated.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":203221,"text":"The nonrefundable renewal application processing fee shall be paid in a manner and in an amount prescribed by the Commission. The nonrefundable renewal processing fee shall be collected by the Commission and paid directly into the state treasury and credited to the fund for the maintenance of the Bureau of Insurance as provided in subsection B of § 38.2-400.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":203222,"text":"An individual surplus lines broker whose license terminates due to failure to renew may, within 12 months from the renewal date, reinstate the same license by submitting the renewal application and a nonrefundable reinstatement processing fee equivalent to double the nonrefundable renewal application processing fee and by complying with all other applicable licensing and renewal provisions in this chapter.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":203223,"text":"A licensed surplus lines broker’s failure to file the maintenance assessment report required by § 38.2-406 or pay the maintenance assessment and any related fines, penalties, and interest required by § 38.2-403 on or before the first day of March of each year shall result in the termination of the surplus lines broker license.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D","next_prefix":"F"},"5":{"id":203224,"text":"An individual surplus lines broker who is unable to comply with the license renewal requirements due to military service or another extenuating circumstance such as a long-term illness or incapacity may request a waiver of those requirements. Requests for waivers of renewal requirements shall be made in a form and manner prescribed by the Commission. Surplus lines brokers seeking a waiver of renewal requirements shall submit all documentation specified by the Commission so as to be received by the Commission no later than the last day of the renewal period. After the renewal period, surplus lines brokers who have failed to complete the renewal waiver requirements may request a waiver from the reinstatement requirements set forth in subsection D within the 12-month reinstatement period. The Commission shall approve or disapprove the waiver request within 30 calendar days of receipt thereof, and shall provide written notice of its decision to the applicant for waiver within five calendar days of rendering its decision. Any waiver granted pursuant to this section shall be valid only for the renewal period or reinstatement period for which the waiver request was made.","type":"section","prefixes":["F"],"prefix":"F","entire_prefix":"F","prefix_anchor":"F","level":1,"prior_prefix":"E"}},"ancestry":[{"id":13988,"edition_id":1,"name":"Licensing of Surplus Lines Brokers","identifier":"5.1","label":"article","depth":3,"order_by":1,"parent_id":13203,"metadata":{},"date_created":"2026-06-26 03:46:31","date_modified":"2026-06-26 03:46:31","permalink":{"id":212741,"object_type":"structure","relational_id":13988,"identifier":"5.1","token":"38.2\/18\/5.1","url":"\/38.2\/18\/5.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13203,"edition_id":1,"name":"Insurance Agents","identifier":"18","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:44:26","date_modified":"2026-06-26 03:44:26","permalink":{"id":212411,"object_type":"structure","relational_id":13203,"identifier":"18","token":"38.2\/18","url":"\/38.2\/18\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":63256,"structure_id":13988,"section_number":"38.2-1857.1","catch_line":"Property and casualty insurance agents may be licensed as surplus lines brokers for certain insurance from eligible nonadmitted insurers","url":"\/38.2-1857.1\/","token":"38.2\/18\/5.1\/38.2-1857.1","metadata":false},{"id":55063,"structure_id":13988,"section_number":"38.2-1857.2","catch_line":"Applications for surplus lines broker license; fee required; fingerprinting","url":"\/38.2-1857.2\/","token":"38.2\/18\/5.1\/38.2-1857.2","metadata":false},{"id":79613,"structure_id":13988,"section_number":"38.2-1857.3","catch_line":"Repealed","url":"\/38.2-1857.3\/","token":"38.2\/18\/5.1\/38.2-1857.3","metadata":false},{"id":55432,"structure_id":13988,"section_number":"38.2-1857.4:1","catch_line":"Renewal application and fee; reinstatement; waiver","url":"\/38.2-1857.4_1\/","token":"38.2\/18\/5.1\/38.2-1857.4_1","metadata":false},{"id":86940,"structure_id":13988,"section_number":"38.2-1857.5","catch_line":"Requirement to report to Commission","url":"\/38.2-1857.5\/","token":"38.2\/18\/5.1\/38.2-1857.5","metadata":false},{"id":60358,"structure_id":13988,"section_number":"38.2-1857.6","catch_line":"Accepting and placing surplus lines business","url":"\/38.2-1857.6\/","token":"38.2\/18\/5.1\/38.2-1857.6","metadata":false},{"id":82459,"structure_id":13988,"section_number":"38.2-1857.7","catch_line":"Grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license","url":"\/38.2-1857.7\/","token":"38.2\/18\/5.1\/38.2-1857.7","metadata":false},{"id":58784,"structure_id":13988,"section_number":"38.2-1857.8","catch_line":"Refusal to issue and revocation of license; hearing; new application","url":"\/38.2-1857.8\/","token":"38.2\/18\/5.1\/38.2-1857.8","metadata":false},{"id":61893,"structure_id":13988,"section_number":"38.2-1857.9","catch_line":"Licensing nonresidents; clerk of the Commission to be appointed agent for service of process; reciprocal agreements with other states and Canadian provinces","url":"\/38.2-1857.9\/","token":"38.2\/18\/5.1\/38.2-1857.9","metadata":false}],"previous_section":{"id":79613,"structure_id":13988,"section_number":"38.2-1857.3","catch_line":"Repealed","url":"\/38.2-1857.3\/","token":"38.2\/18\/5.1\/38.2-1857.3","metadata":false},"next_section":{"id":86940,"structure_id":13988,"section_number":"38.2-1857.5","catch_line":"Requirement to report to Commission","url":"\/38.2-1857.5\/","token":"38.2\/18\/5.1\/38.2-1857.5","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1857.4:1\/","history_text":"

This law was first created in 2019. The record of its establishment is cataloged in chapter 675<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":[{"id":65532,"section_number":"38.2-403","catch_line":"Assessment for expenses","order_by":null,"url":"\/38.2-403\/"},{"id":69572,"section_number":"38.2-406","catch_line":"Report of gross premium income","order_by":null,"url":"\/38.2-406\/"}],"permalink":{"id":212755,"object_type":"law","relational_id":55432,"identifier":"38.2-1857.4:1","token":"38.2\/18\/5.1\/38.2-1857.4_1","url":"\/38.2-1857.4_1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1857.4_1\/","token":"38.2\/18\/5.1\/38.2-1857.4_1","dublin_core":{"Title":"Renewal application and fee; reinstatement; waiver","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1857.4:1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Beginning January 1, 2021, each individual surplus lines broker<\/span> shall submit biennially to the Commission<\/span> a renewal application in a form and manner prescribed by the Commission<\/span>, along with a nonrefundable renewal application processing fee prescribed by the Commission<\/span>, for the renewal of the license<\/span>. Licenses<\/span> shall be renewed biennially based on the broker’s month and year of birth. The license<\/span> for a surplus lines broker<\/span> born in an even-numbered year shall expire at the end of the broker’s birth month in even-numbered years. The license<\/span> for a surplus lines broker<\/span> born in an odd-numbered year shall expire at the end of the broker’s birth month in odd-numbered years. Any surplus lines broker<\/span> license<\/span> for which the renewal application and nonrefundable renewal application processing fee have been received by the Commission<\/span> and all other applicable licensing and renewal provisions in this chapter have been met shall, unless the license<\/span> has been terminated, suspended, or revoked, be renewed for a two-year period. Any surplus lines broker<\/span> license<\/span> for which the renewal application and nonrefundable renewal application processing fee have not been received by the Commission<\/span> shall automatically be terminated. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> On or before May 1, 2021, and biennially thereafter, each business entity<\/span> licensed as a surplus lines broker<\/span> shall submit to the Commission<\/span> a renewal application, along with a nonrefundable renewal application processing fee prescribed by the Commission<\/span>, for the renewal of the license<\/span>. Any surplus lines broker<\/span> license<\/span> for which the required renewal application and nonrefundable renewal application processing fee have been received by the Commission<\/span> and all other applicable licensing and renewal provisions in this chapter have been met shall, unless the license<\/span> has been terminated, suspended, or revoked, be renewed for a two-year period. Any surplus lines broker<\/span> license<\/span> for which the required renewal application and nonrefundable renewal application processing fee have not been received by the Commission<\/span> shall automatically be terminated. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The nonrefundable renewal application processing fee shall be paid in a manner and in an amount prescribed by the Commission<\/span>. The nonrefundable renewal processing fee shall be collected by the Commission<\/span> and paid directly into the state<\/span> treasury and credited to the fund for the maintenance of the Bureau of Insurance<\/span> as provided in subsection B of § 38.2-400<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> An individual surplus lines broker<\/span> whose license<\/span> terminates<\/span> due to failure to renew may, within 12 months from the renewal date, reinstate the same license<\/span> by submitting the renewal application and a nonrefundable reinstatement processing fee equivalent to double the nonrefundable renewal application processing fee and by complying with all other applicable licensing and renewal provisions in this chapter. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> A licensed surplus lines broker<\/span>’s failure to file the maintenance assessment report required by § 38.2-406<\/a> or pay the maintenance assessment and any related fines, penalties, and interest required by § 38.2-403<\/a> on or before the first day of March of each year shall result in the termination of the surplus lines broker<\/span> license<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

F.<\/span> An individual surplus lines broker<\/span> who is unable to comply with the license<\/span> renewal requirements due to military service or another extenuating circumstance such as a long-term illness or incapacity may request a waiver<\/span> of those requirements. Requests for waivers<\/span> of renewal requirements shall be made in a form and manner prescribed by the Commission<\/span>. Surplus lines brokers<\/span> seeking a waiver<\/span> of renewal requirements shall submit all documentation specified by the Commission<\/span> so as to be received by the Commission<\/span> no later than the last day of the renewal period. After the renewal period, surplus lines brokers<\/span> who have failed to complete the renewal waiver<\/span> requirements may request a waiver<\/span> from the reinstatement requirements set forth in subsection D within the 12-month reinstatement period. The Commission<\/span> shall approve or disapprove the waiver<\/span> request within 30 calendar days of receipt thereof, and shall provide written notice of its decision to the applicant for waiver<\/span> within five calendar days of rendering its decision. Any waiver<\/span> granted pursuant to this section shall be valid only for the renewal period or reinstatement period for which the waiver<\/span> request was made. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nRENEWAL APPLICATION AND FEE; REINSTATEMENT; WAIVER (\u00a7 38.2-1857.4:1)\n\nA. Beginning January 1, 2021, each individual surplus lines broker shall submit\nbiennially to the Commission a renewal application in a form and manner\nprescribed by the Commission, along with a nonrefundable renewal application\nprocessing fee prescribed by the Commission, for the renewal of the license.\nLicenses shall be renewed biennially based on the broker’s month and year\nof birth. The license for a surplus lines broker born in an even-numbered year\nshall expire at the end of the broker’s birth month in even-numbered\nyears. The license for a surplus lines broker born in an odd-numbered year shall\nexpire at the end of the broker’s birth month in odd-numbered years. Any\nsurplus lines broker license for which the renewal application and nonrefundable\nrenewal application processing fee have been received by the Commission and all\nother applicable licensing and renewal provisions in this chapter have been met\nshall, unless the license has been terminated, suspended, or revoked, be renewed\nfor a two-year period. Any surplus lines broker license for which the renewal\napplication and nonrefundable renewal application processing fee have not been\nreceived by the Commission shall automatically be terminated.\n\nB. On or before May 1, 2021, and biennially thereafter, each business entity\nlicensed as a surplus lines broker shall submit to the Commission a renewal\napplication, along with a nonrefundable renewal application processing fee\nprescribed by the Commission, for the renewal of the license. Any surplus lines\nbroker license for which the required renewal application and nonrefundable\nrenewal application processing fee have been received by the Commission and all\nother applicable licensing and renewal provisions in this chapter have been met\nshall, unless the license has been terminated, suspended, or revoked, be renewed\nfor a two-year period. Any surplus lines broker license for which the required\nrenewal application and nonrefundable renewal application processing fee have\nnot been received by the Commission shall automatically be terminated.\n\nC. The nonrefundable renewal application processing fee shall be paid in a\nmanner and in an amount prescribed by the Commission. The nonrefundable renewal\nprocessing fee shall be collected by the Commission and paid directly into the\nstate treasury and credited to the fund for the maintenance of the Bureau of\nInsurance as provided in subsection B of § 38.2-400.\n\nD. An individual surplus lines broker whose license terminates due to failure to\nrenew may, within 12 months from the renewal date, reinstate the same license by\nsubmitting the renewal application and a nonrefundable reinstatement processing\nfee equivalent to double the nonrefundable renewal application processing fee\nand by complying with all other applicable licensing and renewal provisions in\nthis chapter.\n\nE. A licensed surplus lines broker’s failure to file the maintenance\nassessment report required by § 38.2-406 or pay the maintenance assessment\nand any related fines, penalties, and interest required by § 38.2-403 on or\nbefore the first day of March of each year shall result in the termination of\nthe surplus lines broker license.\n\nF. An individual surplus lines broker who is unable to comply with the license\nrenewal requirements due to military service or another extenuating circumstance\nsuch as a long-term illness or incapacity may request a waiver of those\nrequirements. Requests for waivers of renewal requirements shall be made in a\nform and manner prescribed by the Commission. Surplus lines brokers seeking a\nwaiver of renewal requirements shall submit all documentation specified by the\nCommission so as to be received by the Commission no later than the last day of\nthe renewal period. After the renewal period, surplus lines brokers who have\nfailed to complete the renewal waiver requirements may request a waiver from the\nreinstatement requirements set forth in subsection D within the 12-month\nreinstatement period. The Commission shall approve or disapprove the waiver\nrequest within 30 calendar days of receipt thereof, and shall provide written\nnotice of its decision to the applicant for waiver within five calendar days of\nrendering its decision. Any waiver granted pursuant to this section shall be\nvalid only for the renewal period or reinstatement period for which the waiver\nrequest was made.\n\nHISTORY: 2019, c. 675.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}