                                 CODE OF VIRGINIA

LICENSING NONRESIDENTS; RECIPROCAL AGREEMENTS WITH OTHER STATES AND CANADIAN
PROVINCES (§ 38.2-1845)

A. An individual or business entity who is not a resident as defined in §
38.2-1800, but who is a resident of another state, territory, or province of
Canada, shall receive a nonresident insurance consultant license if:

   1. The applicant presents proof in a form acceptable to the Commission that
   the applicant is currently licensed or otherwise authorized as a resident
   insurance consultant and is in good standing in his home state;

   2. The applicant has submitted the proper application for licensure or a copy
   of the application for licensure submitted to his home state, and has paid the
   fees required by &#xA7; 38.2-1838; and

   3. The applicant&#8217;s home state issues nonresident insurance consultant
   licenses to residents of this Commonwealth on the same basis, or will permit a
   resident of this Commonwealth to act as a consultant in such state without
   requiring a license.

B. For the purposes of this chapter, any individual whose place of residence and
place of business are in a city or town located partly within the Commonwealth
and partly within another state may be considered as meeting the requirements as
a resident of this Commonwealth, provided the other state has established by law
or regulation similar requirements as to residence of such individuals.

C. The Commission may enter into a reciprocal agreement with an appropriate
official of any other state or province of Canada if such an agreement is
required in order for a Virginia resident to be similarly licensed as a
nonresident in that state or province.

D. The Commission may verify the insurance consultant&#8217;s licensing status
through the Producer Database maintained by the NAIC, its affiliates or
subsidiaries.

E. A nonresident insurance consultant who moves from one state or province to
another state or province shall file a change of address and provide a
certification from the new home state or province within thirty calendar days of
the change of legal residence. No fee or license application is required.

F. Any licenses issued to nonresidents pursuant to this section shall be
terminated at any time that the nonresident&#8217;s equivalent authority in his
home state is terminated, suspended, or revoked.

HISTORY: 1985, c. 3, § 38.1-327.70; 1986, c. 562; 1987, cc. 521, 678; 1988, c.
335; 2001, c. 706; 2008, c. 213.