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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>54417</law_id><section_number>38.2-1362</section_number><catch_line>Examination authority</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="13">Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents</unit><unit label="article" level="3" order_by="1" identifier="9">Licensing of Managing General Agents</unit></structure><text>
						<section><p>The acts of a <span class="dictionary">managing general agent</span> are considered to be the acts of the <span class="dictionary">insurer</span> on whose behalf it is acting. A <span class="dictionary">managing general agent</span> may be examined pursuant to Article 4 (&#xA7;&#xA0;<a class="law" title="Examinations; when authorized or required" href="/38.2-1317/">38.2-1317</a> et seq.) of this chapter as if it were the <span class="dictionary">insurer</span>. In addition, the <span class="dictionary">managing general agent</span> shall be subject to examination pursuant to &#xA7;&#xA0;<a class="law" title="Power of Commission to investigate affairs of persons engaged in insurance business; penalties for refusal to permit investigation" href="/38.2-1809/">38.2-1809</a> if it or any of its officers, directors, agents, or employees is licensed as a producer under Chapter 18 (&#xA7;&#xA0;<a class="law" title="Definitions" href="/38.2-1800/">38.2-1800</a> et seq.) of this title.</p></section></text><history>2001, c. 706.</history><metadata></metadata></law>
