{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1857.5.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1857.5.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1857.5.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1857.5.html"}],"law_id":86940,"edition_id":1,"section_id":86940,"structure_id":13988,"section_number":"38.2-1857.5","catch_line":"Requirement to report to Commission","history":"2001, c. 706; 2008, c. 213; 2011, c. 498; 2019, c. 675.","full_text":"A\n\nEach licensed surplus lines broker shall report within 30 calendar days to the Commission any change in his residence address, email address, or name.B\n\nIn addition to the requirements of §§ 59.1-69 and 59.1-70, any individual or business entity licensed as a surplus lines broker in the Commonwealth and operating under an assumed or fictitious name shall notify the Commission, at the earlier of the time the application for a surplus lines broker license is filed or within 30 calendar days from the date the assumed or fictitious name is adopted, setting forth the name under which the surplus lines broker intends to operate in Virginia. The Commission shall also be notified within 30 calendar days from the date of cessation of the use of such assumed or fictitious name.C\n\nEach licensed surplus lines broker convicted of a felony shall report within 30 calendar days to the Commission the facts and circumstances regarding the criminal conviction.D\n\nEach licensed surplus lines broker shall report to the Commission within 30 calendar days of the final disposition of the matter any administrative action taken against him in another jurisdiction or by another governmental agency in the Commonwealth. Such report shall include a copy of the order, consent to order or other relevant legal documents.E\n\nAny licensed resident surplus lines broker who has moved his residence from the Commonwealth shall have all licenses immediately terminated by the Commission, whether or not the surplus lines broker has notified the Commission of such move. Nothing shall prohibit such surplus lines broker from applying for a license as a nonresident surplus lines broker.F\n\nThe license authority of any business entity licensed as a surplus lines broker shall terminate immediately if the sole licensed responsible producer designated pursuant to subdivision F 2 of § 38.2-1857.2 for the business entity’s compliance with the insurance laws, rules and regulations of the Commonwealth is removed for any reason, and a new responsible producer has not been designated and the Commission notified within 30 calendar days of such removal and of the newly designated responsible producer.","order_by":null,"text":{"0":{"id":311266,"text":"Each licensed surplus lines broker shall report within 30 calendar days to the Commission any change in his residence address, email address, or name.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":311267,"text":"In addition to the requirements of §§ 59.1-69 and 59.1-70, any individual or business entity licensed as a surplus lines broker in the Commonwealth and operating under an assumed or fictitious name shall notify the Commission, at the earlier of the time the application for a surplus lines broker license is filed or within 30 calendar days from the date the assumed or fictitious name is adopted, setting forth the name under which the surplus lines broker intends to operate in Virginia. The Commission shall also be notified within 30 calendar days from the date of cessation of the use of such assumed or fictitious name.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":311268,"text":"Each licensed surplus lines broker convicted of a felony shall report within 30 calendar days to the Commission the facts and circumstances regarding the criminal conviction.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":311269,"text":"Each licensed surplus lines broker shall report to the Commission within 30 calendar days of the final disposition of the matter any administrative action taken against him in another jurisdiction or by another governmental agency in the Commonwealth. Such report shall include a copy of the order, consent to order or other relevant legal documents.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":311270,"text":"Any licensed resident surplus lines broker who has moved his residence from the Commonwealth shall have all licenses immediately terminated by the Commission, whether or not the surplus lines broker has notified the Commission of such move. Nothing shall prohibit such surplus lines broker from applying for a license as a nonresident surplus lines broker.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D","next_prefix":"F"},"5":{"id":311271,"text":"The license authority of any business entity licensed as a surplus lines broker shall terminate immediately if the sole licensed responsible producer designated pursuant to subdivision F 2 of § 38.2-1857.2 for the business entity’s compliance with the insurance laws, rules and regulations of the Commonwealth is removed for any reason, and a new responsible producer has not been designated and the Commission notified within 30 calendar days of such removal and of the newly designated responsible producer.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1857.5\/","history_text":"

This law was first created in 2001. The record of its establishment is cataloged in chapter 706<\/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. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2008, chapter 213<\/a>; in 2011, chapter 498<\/a>; in 2019, chapter 675<\/a>.<\/p>","references":[{"id":58784,"section_number":"38.2-1857.8","catch_line":"Refusal to issue and revocation of license; hearing; new application","order_by":null,"url":"\/38.2-1857.8\/"}],"refers_to":[{"id":55063,"section_number":"38.2-1857.2","catch_line":"Applications for surplus lines broker license; fee required; fingerprinting","order_by":null,"url":"\/38.2-1857.2\/"},{"id":63628,"section_number":"59.1-69","catch_line":"Certificate required of person transacting business under assumed name","order_by":null,"url":"\/59.1-69\/"},{"id":54459,"section_number":"59.1-70","catch_line":"Filing a certificate with State Corporation Commission; fee","order_by":null,"url":"\/59.1-70\/"}],"permalink":{"id":212759,"object_type":"law","relational_id":86940,"identifier":"38.2-1857.5","token":"38.2\/18\/5.1\/38.2-1857.5","url":"\/38.2-1857.5\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1857.5\/","token":"38.2\/18\/5.1\/38.2-1857.5","dublin_core":{"Title":"Requirement to report to Commission","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1857.5","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Each licensed surplus lines broker<\/span> shall report within 30 calendar days to the Commission<\/span> any change in his residence address, email address, or name. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> In addition to the requirements of §§ 59.1-69<\/a> and 59.1-70<\/a>, any individual or business entity<\/span> licensed as a surplus lines broker<\/span> in the Commonwealth and operating under an assumed or fictitious name shall notify the Commission<\/span>, at the earlier of the time the application for a surplus lines broker<\/span> license<\/span> is filed<\/span> or within 30 calendar days from the date the assumed or fictitious name is adopted, setting forth the name under which the surplus lines broker<\/span> intends to operate in Virginia. The Commission<\/span> shall also be notified within 30 calendar days from the date of cessation of the use of such assumed or fictitious name. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Each licensed surplus lines broker<\/span> convicted of a felony<\/span> shall report within 30 calendar days to the Commission<\/span> the facts<\/span> and circumstances regarding the criminal conviction<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> Each licensed surplus lines broker<\/span> shall report to the Commission<\/span> within 30 calendar days of the final disposition<\/span> of the matter any administrative action taken against him in another jurisdiction<\/span> or by another governmental agency in the Commonwealth. Such report shall include a copy of the order<\/span>, consent to order<\/span> or other relevant legal documents. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> Any licensed resident<\/span> surplus lines broker<\/span> who has moved his residence from the Commonwealth shall have all licenses<\/span> immediately terminated by the Commission<\/span>, whether or not the surplus lines broker<\/span> has notified the Commission<\/span> of such move. Nothing shall prohibit such surplus lines broker<\/span> from applying for a license<\/span> as a nonresident surplus lines broker<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

F.<\/span> The license<\/span> authority of any business entity<\/span> licensed as a surplus lines broker<\/span> shall terminate<\/span> immediately if the sole licensed responsible producer designated pursuant to subdivision F 2 of § 38.2-1857.2<\/a> for the business entity<\/span>’s compliance with the insurance<\/span> laws<\/span>, rules and regulations of the Commonwealth is removed for any reason, and a new responsible producer has not been designated and the Commission<\/span> notified within 30 calendar days of such removal and of the newly designated responsible producer. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREQUIREMENT TO REPORT TO COMMISSION (\u00a7 38.2-1857.5)\n\nA. Each licensed surplus lines broker shall report within 30 calendar days to\nthe Commission any change in his residence address, email address, or name.\n\nB. In addition to the requirements of §§ 59.1-69 and 59.1-70, any\nindividual or business entity licensed as a surplus lines broker in the\nCommonwealth and operating under an assumed or fictitious name shall notify the\nCommission, at the earlier of the time the application for a surplus lines\nbroker license is filed or within 30 calendar days from the date the assumed or\nfictitious name is adopted, setting forth the name under which the surplus lines\nbroker intends to operate in Virginia. The Commission shall also be notified\nwithin 30 calendar days from the date of cessation of the use of such assumed or\nfictitious name.\n\nC. Each licensed surplus lines broker convicted of a felony shall report within\n30 calendar days to the Commission the facts and circumstances regarding the\ncriminal conviction.\n\nD. Each licensed surplus lines broker shall report to the Commission within 30\ncalendar days of the final disposition of the matter any administrative action\ntaken against him in another jurisdiction or by another governmental agency in\nthe Commonwealth. Such report shall include a copy of the order, consent to\norder or other relevant legal documents.\n\nE. Any licensed resident surplus lines broker who has moved his residence from\nthe Commonwealth shall have all licenses immediately terminated by the\nCommission, whether or not the surplus lines broker has notified the Commission\nof such move. Nothing shall prohibit such surplus lines broker from applying for\na license as a nonresident surplus lines broker.\n\nF. The license authority of any business entity licensed as a surplus lines\nbroker shall terminate immediately if the sole licensed responsible producer\ndesignated pursuant to subdivision F 2 of § 38.2-1857.2 for the business\nentity’s compliance with the insurance laws, rules and regulations of the\nCommonwealth is removed for any reason, and a new responsible producer has not\nbeen designated and the Commission notified within 30 calendar days of such\nremoval and of the newly designated responsible producer.\n\nHISTORY: 2001, c. 706; 2008, c. 213; 2011, c. 498; 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}}