                                 CODE OF VIRGINIA

INDIVIDUAL MOVING FROM ANOTHER STATE OR CANADIAN PROVINCE (§ 38.2-1818)

A. An individual holding a nonresident Virginia agent license who has moved into
this Commonwealth from another state or a province of Canada shall submit the
application and pay the license processing fee required by &#xA7; 38.2-1819 and
in accordance with the requirements set forth in &#xA7; 38.2-1836. Agents with
active nonresident Virginia agent licenses may continue to operate under their
nonresident licenses for up to ninety calendar days while applying for resident
Virginia agent&#8217;s licenses. Appointments made under such nonresident
licenses shall remain in effect during the ninety-calendar-day period, unless
terminated for other reasons. Appointments held by an agent under a nonresident
Virginia agent license shall automatically be converted to resident agent
appointments if the agent obtains an equivalent resident Virginia agent license
during the ninety-calendar-day period. If an agent fails to obtain such resident
license by the end of the ninety-calendar-day period, the equivalent nonresident
license and all associated appointments under that license shall terminate at
the end of the ninety-calendar-day period.

B. An individual licensed as an insurance producer in another state or province
of Canada, but not holding a nonresident Virginia agent license, who moves to
this Commonwealth shall submit the application to become a resident licensee and
shall pay the license processing fee required by &#xA7; 38.2-1819 and in
accordance with the requirements of &#xA7; 38.2-1836 within ninety calendar days
of establishing legal residence in this Commonwealth. No prelicensing
examination shall be required of that individual to obtain any line of authority
previously held in the prior state except where the Commission determines
otherwise by regulation. After establishing legal residence in this Commonwealth
and prior to obtaining a license as a resident agent, the individual shall be
prohibited from selling, soliciting, or negotiating insurance in this
Commonwealth. An individual who fails to submit the application and license
processing fee within ninety calendar days of establishing legal residence in
this Commonwealth shall be required to satisfy all resident agent prelicensing
requirements in order to be issued a license.

HISTORY: 1979, c. 513, § 38.1-327.19; 1980, c. 743; 1986, c. 562; 1987, c. 521;
1997, c. 583; 2001, c. 706.