{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-6004.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-6004.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-6004.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-6004.html"}],"law_id":66010,"edition_id":1,"section_id":66010,"structure_id":15429,"section_number":"38.2-6004","catch_line":"Reporting requirements","history":"1997, c. 814, \u00a7 38.2-5703; 1999, c. 59; 2001, c. 706; 2003, c. 717; 2023, c. 577.","full_text":"A\n\nA viatical settlement provider shall file with the Commission on or before March 1 of each year the certification required by subsection E of § 38.2-6011 and an annual report containing such information as the Commission may prescribe by rule or regulation; however, such information shall be limited to only those transactions where the viator is a resident of this Commonwealth.B\n\nA viatical settlement provider shall report in writing to the Commission the following:1\n\nNew or revised information about its officers, stockholders owning 10 percent or greater interest in the licensee or an affiliate of the licensee, partners, directors, members, or designated employees within 30 calendar days of the change;2\n\nAny change in business or residence address or name within 30 calendar days of the change.C\n\nA licensed viatical settlement provider convicted of a felony shall report within 30 calendar days to the Commission the facts and circumstances regarding the criminal conviction.","order_by":null,"text":{"0":{"id":239838,"text":"A viatical settlement provider shall file with the Commission on or before March 1 of each year the certification required by subsection E of § 38.2-6011 and an annual report containing such information as the Commission may prescribe by rule or regulation; however, such information shall be limited to only those transactions where the viator is a resident of this Commonwealth.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":239839,"text":"A viatical settlement provider shall report in writing to the Commission the following:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":239840,"text":"New or revised information about its officers, stockholders owning 10 percent or greater interest in the licensee or an affiliate of the licensee, partners, directors, members, or designated employees within 30 calendar days of the change;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":239841,"text":"Any change in business or residence address or name within 30 calendar days of the change.","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"C"},"4":{"id":239842,"text":"A licensed viatical settlement provider 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":"B2"}},"ancestry":[{"id":15429,"edition_id":1,"name":"Viatical Settlements Act","identifier":"60","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:54:55","date_modified":"2026-06-26 03:54:55","permalink":{"id":218163,"object_type":"structure","relational_id":15429,"identifier":"60","token":"38.2\/60","url":"\/38.2\/60\/","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":85466,"structure_id":15429,"section_number":"38.2-6000","catch_line":"Definitions","url":"\/38.2-6000\/","token":"38.2\/60\/38.2-6000","metadata":false},{"id":85657,"structure_id":15429,"section_number":"38.2-6001","catch_line":"Viatical settlement brokers","url":"\/38.2-6001\/","token":"38.2\/60\/38.2-6001","metadata":false},{"id":61028,"structure_id":15429,"section_number":"38.2-6002","catch_line":"Viatical settlement providers, license requirements","url":"\/38.2-6002\/","token":"38.2\/60\/38.2-6002","metadata":false},{"id":76487,"structure_id":15429,"section_number":"38.2-6003","catch_line":"Approval of viatical settlement contracts and disclosure statements","url":"\/38.2-6003\/","token":"38.2\/60\/38.2-6003","metadata":false},{"id":66010,"structure_id":15429,"section_number":"38.2-6004","catch_line":"Reporting requirements","url":"\/38.2-6004\/","token":"38.2\/60\/38.2-6004","metadata":false},{"id":72848,"structure_id":15429,"section_number":"38.2-6005","catch_line":"Privacy","url":"\/38.2-6005\/","token":"38.2\/60\/38.2-6005","metadata":false},{"id":84374,"structure_id":15429,"section_number":"38.2-6006","catch_line":"Examinations; record retention; investigations","url":"\/38.2-6006\/","token":"38.2\/60\/38.2-6006","metadata":false},{"id":83681,"structure_id":15429,"section_number":"38.2-6007","catch_line":"Disclosure","url":"\/38.2-6007\/","token":"38.2\/60\/38.2-6007","metadata":false},{"id":63520,"structure_id":15429,"section_number":"38.2-6008","catch_line":"General rules","url":"\/38.2-6008\/","token":"38.2\/60\/38.2-6008","metadata":false},{"id":73158,"structure_id":15429,"section_number":"38.2-6009","catch_line":"Prohibited practices","url":"\/38.2-6009\/","token":"38.2\/60\/38.2-6009","metadata":false},{"id":66115,"structure_id":15429,"section_number":"38.2-6010","catch_line":"Advertising for viatical settlements","url":"\/38.2-6010\/","token":"38.2\/60\/38.2-6010","metadata":false},{"id":84400,"structure_id":15429,"section_number":"38.2-6011","catch_line":"Fraud prevention and control","url":"\/38.2-6011\/","token":"38.2\/60\/38.2-6011","metadata":false},{"id":66961,"structure_id":15429,"section_number":"38.2-6012","catch_line":"Civil remedies","url":"\/38.2-6012\/","token":"38.2\/60\/38.2-6012","metadata":false},{"id":77614,"structure_id":15429,"section_number":"38.2-6013","catch_line":"Unfair trade practices","url":"\/38.2-6013\/","token":"38.2\/60\/38.2-6013","metadata":false},{"id":58773,"structure_id":15429,"section_number":"38.2-6014","catch_line":"Commission authority","url":"\/38.2-6014\/","token":"38.2\/60\/38.2-6014","metadata":false},{"id":70459,"structure_id":15429,"section_number":"38.2-6015","catch_line":"Immunity from liability","url":"\/38.2-6015\/","token":"38.2\/60\/38.2-6015","metadata":false},{"id":60651,"structure_id":15429,"section_number":"38.2-6016","catch_line":"Applicability of securities laws","url":"\/38.2-6016\/","token":"38.2\/60\/38.2-6016","metadata":false}],"previous_section":{"id":76487,"structure_id":15429,"section_number":"38.2-6003","catch_line":"Approval of viatical settlement contracts and disclosure statements","url":"\/38.2-6003\/","token":"38.2\/60\/38.2-6003","metadata":false},"next_section":{"id":72848,"structure_id":15429,"section_number":"38.2-6005","catch_line":"Privacy","url":"\/38.2-6005\/","token":"38.2\/60\/38.2-6005","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-6004\/","history_text":"

This law was first created in 1997. The record of its establishment is cataloged in chapter 814<\/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 4 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 1999, chapter 59<\/a>; in 2001, chapter 706<\/a>; in 2003, chapter 717<\/a>; in 2023, chapter 577<\/a>.<\/p>","references":false,"refers_to":[{"id":84400,"section_number":"38.2-6011","catch_line":"Fraud prevention and control","order_by":null,"url":"\/38.2-6011\/"}],"permalink":{"id":218181,"object_type":"law","relational_id":66010,"identifier":"38.2-6004","token":"38.2\/60\/38.2-6004","url":"\/38.2-6004\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-6004\/","token":"38.2\/60\/38.2-6004","dublin_core":{"Title":"Reporting requirements","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-6004","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A viatical settlement provider<\/span> shall file with the Commission<\/span> on or before March 1 of each year the certification required by subsection E of § 38.2-6011<\/a> and an annual report containing such information as the Commission<\/span> may prescribe by rule or regulation; however, such information shall be limited to only those transactions where the viator<\/span> is a resident of this Commonwealth. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A viatical settlement provider<\/span> shall report in writing to the Commission<\/span> the following: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> New or revised information about its officers, stockholders owning 10 percent or greater interest in the licensee or an affiliate of the licensee, partners, directors, members, or designated employees within 30 calendar days of the change; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Any change in business or residence address or name within 30 calendar days of the change. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> A licensed viatical settlement provider<\/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>","plain_text":" CODE OF VIRGINIA\n\nREPORTING REQUIREMENTS (\u00a7 38.2-6004)\n\nA. A viatical settlement provider shall file with the Commission on or before\nMarch 1 of each year the certification required by subsection E of §\n38.2-6011 and an annual report containing such information as the Commission may\nprescribe by rule or regulation; however, such information shall be limited to\nonly those transactions where the viator is a resident of this Commonwealth.\n\nB. A viatical settlement provider shall report in writing to the Commission the\nfollowing:\n\n 1. New or revised information about its officers, stockholders owning 10\n percent or greater interest in the licensee or an affiliate of the licensee,\n partners, directors, members, or designated employees within 30 calendar days\n of the change;\n\n 2. Any change in business or residence address or name within 30 calendar days\n of the change.\n\nC. A licensed viatical settlement provider convicted of a felony shall report\nwithin 30 calendar days to the Commission the facts and circumstances regarding\nthe criminal conviction.\n\nHISTORY: 1997, c. 814, \u00a7 38.2-5703; 1999, c. 59; 2001, c. 706; 2003, c. 717;\n2023, c. 577.","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}}