                                 CODE OF VIRGINIA

REQUIREMENT TO REPORT TO COMMISSION (§ 38.2-1826)

A. Each licensed agent shall report within 30 calendar days to the Commission,
and to every insurer for which he is appointed any change in his residence
address, email address, or name.

B. Each licensed agent convicted of a felony shall report within 30 calendar
days to the Commission the facts and circumstances regarding the criminal
conviction.

C. Each licensed agent shall report to the Commission within 30 calendar days of
the final disposition of the matter any administrative action taken against him
in another jurisdiction or by another governmental agency in the Commonwealth.
Such report shall include a copy of the order, consent to order or other
relevant legal documents.

D. The license authority of any licensed resident agent shall terminate
immediately when such agent has moved his residence from the Commonwealth,
whether or not the Commission has been notified of such move.

E. Each business entity acting as an insurance producer shall report within 30
calendar days to the Commission the removal, for any reason, of the designated
licensed producer responsible for the business entity&#8217;s compliance with
the insurance laws, rules, and regulations of the Commonwealth pursuant to
subdivision B 2 of &#xA7; 38.2-1820, along with the name of the new designated
licensed producer.

HISTORY: 1979, c. 513, § 38.1-327.37; 1986, c. 562; 1987, c. 521; 1999, c. 59;
2001, c. 706; 2016, c. 552; 2019, c. 675.