                                 CODE OF VIRGINIA

REQUIREMENT TO REPORT TO COMMISSION (§ 38.2-1357)

A. Each licensed reinsurance intermediary shall report any change in business or
residence address or name within thirty calendar days to the Commission and to
any contracted insurer.

B. In addition to the requirements of &#xA7;&#xA7; 59.1-69 and 59.1-70, any
individual or business entity licensed as a reinsurance intermediary in this
Commonwealth and operating under an assumed or fictitious name shall notify the
Commission, at the earlier of the time the application for a reinsurance
intermediary license is filed or within thirty calendar days from the date the
assumed or fictitious name is adopted, setting forth the name under which the
reinsurance intermediary intends to operate in Virginia. The Commission shall
also be notified within thirty calendar days from the date of cessation of the
use of such assumed or fictitious name.

C. Each licensed reinsurance intermediary convicted of a felony shall report
within thirty calendar days to the Commission the facts and circumstances
regarding the criminal conviction.

HISTORY: 2001, c. 706.