                                 CODE OF VIRGINIA

EXAMINATION FOR LICENSE; FEE REQUIRED; WHEN FEE FORFEITED (§ 38.2-1817)

A. Examinations for licenses shall be conducted at least monthly at the times
and places the Commission prescribes. Each applicant shall pass the examination
prescribed by the Commission unless otherwise exempted.

B. If a resident individual applicant fails three times to pass the examination,
the applicant shall be required to wait 30 calendar days before the applicant
may retake the examination.

C. Each applicant for an examination shall make application in the form and
containing the information the Commission prescribes.

D. Each applicant shall, at the time of applying to take the examination, pay
such fee as may be prescribed by the Commission and in a manner prescribed by
the Commission. The prescribed examination fee shall not be less than $20 nor
more than $100. The examination fee shall be nonrefundable.

E. If the applicant fails to take the examination within 90 calendar days from
the date his registration for the examination is accepted, the examination fee
shall be forfeited and the registration shall be considered withdrawn.

F. If the applicant fails to obtain the appropriate license from the Commission
within 183 calendar days from the date he passes the examination, the
examination grade shall be considered invalid and the examination fee and
application processing fee shall be forfeited. Such applicant shall be required
to reapply for the examination and to satisfy any appropriate prelicensing
requirements.

G. An individual who applies for a resident insurance agent&#8217;s license in
the Commonwealth who was previously licensed for the same lines of authority in
the individual&#8217;s home state shall not be required to complete any
prelicensing examination. This exemption is only available if the individual is
currently licensed in the applicant&#8217;s home state, or if the application is
received within 90 calendar days of the cancellation of the applicant&#8217;s
previous license in the applicant&#8217;s home state, and if the
applicant&#8217;s home state issues a certification that, at the time of
cancellation, the applicant was in good standing in that state or the
state&#8217;s Producer Database records, maintained by the NAIC, its affiliates
or subsidiaries, indicate that the producer is or was licensed in good standing
for the line of authority requested.

HISTORY: 1979, c. 513, § 38.1-327.17; 1985, c. 616; 1986, c. 562; 1987, c. 521;
1989, c. 435; 1990, c. 464; 1999, c. 86; 2001, c. 706; 2018, c. 131.