                                 CODE OF VIRGINIA

ISSUANCE OF LICENSE (§ 38.2-1820)

A. Each applicant who is at least 18 years of age and who has satisfied the
Commission that he is of good character, has a good reputation for honesty, and
has complied with the other requirements of this article is entitled to and
shall receive a license in the form the Commission prescribes.

B. A business entity acting as an insurance producer is required to obtain an
insurance producer license. Application shall be made using the Uniform Business
Entity Application, or such other application acceptable to the Commission.
Before approving the application, the Commission shall find that:

   1. The business entity has paid the nonrefundable application processing fee
   set forth in &#xA7; 38.2-1819; and

   2. The business entity has designated an employee, officer, director, manager,
   member, or partner to serve as the licensed producer responsible for the
   business entity&#8217;s compliance with the insurance laws, rules, and
   regulations of the Commonwealth. However, with respect to a business entity
   applying for a limited lines license pursuant to Article 8 (&#xA7; 38.2-1875
   et seq.) or 8.1 (&#xA7; 38.2-1881 et seq.), the licensed producer designated
   by the vendor or lessor is not required to be an employee, officer, director,
   manager, member, or partner of the vendor or lessor.

C. The Commission may require any documents reasonably necessary to verify the
information contained in an application.

HISTORY: 1979, c. 513, § 38.1-327.21; 1985, c. 616; 1986, c. 562; 2001, c. 706;
2008, c. 213; 2016, c. 552; 2018, c. 131; 2019, c. 675.