                                 CODE OF VIRGINIA

REQUIREMENT TO REPORT TO COMMISSION (§ 38.2-1842)

A. Each licensed insurance consultant shall report within 30 calendar days to
the Commission any change in his residence address, email address, or name.

B. In addition to the requirements of &#xA7;&#xA7; 59.1-69 and 59.1-70, any
individual or business entity licensed as an insurance consultant in the
Commonwealth and operating under an assumed or fictitious name shall notify the
Commission, at the earlier of the time the application for an insurance
consultant license is filed or within 30 calendar days from the date the assumed
or fictitious name is adopted, setting forth the name under which the insurance
consultant intends to operate in Virginia. The Commission shall also be notified
within 30 calendar days from the date of cessation of the use of such assumed or
fictitious name.

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

D. Each licensed insurance consultant 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.

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

HISTORY: 1985, c. 3, § 38.1-327.67; 1986, c. 562; 1987, cc. 521, 678; 1999, c.
59; 2001, c. 706; 2019, c. 675.