                                 CODE OF VIRGINIA

SURETY BAIL BONDSMAN; NOTICE TO DEPARTMENT OF CRIMINAL JUSTICE SERVICES OF
VIOLATIONS (§ 38.2-2412.2)

A. The Commission shall notify the Department of Criminal Justice Services of
any action taken or investigation concerning any violation by a property and
casualty agent who is also licensed as a surety bail bondsman of the
prohibitions listed in this section within 30 days from the receipt of the
initial report of a violation. The Commission and the Department of Criminal
Justice Services may conduct a joint investigation of any alleged violation.

   1. Providing materially incorrect, misleading, incomplete or untrue
   information in the license application or any other document filed with the
   Commission;

   2. Violating any subpoena of the Commission;

   3. Obtaining or attempting to obtain a license through misrepresentation or
   fraud;

   4. Engaging in the practice of rebating;

   5. Engaging in twisting or any form thereof, where &#8220;twisting&#8221;
   means inducing an insured to terminate an existing policy and purchase a new
   policy through misrepresentation;

   6. Improperly withholding, misappropriating or converting any moneys or
   properties received in the course of doing business;

   7. Intentionally misrepresenting the terms of an actual or proposed insurance
   contract or application for insurance;

   8. Having admitted or been found to have committed any insurance unfair trade
   practice or fraud;

   9. Having been convicted of a felony;

   10. Using fraudulent, coercive, or dishonest practices, or demonstrating
   incompetence or untrustworthiness in the conduct of business in the
   Commonwealth or elsewhere, or demonstrating financial irresponsibility in the
   handling of applicant, policyholder, agency, or insurance company funds;

   11. Forging another&#8217;s name to an application for insurance or to any
   document related to an insurance transaction;

   12. Improperly using notes or any other reference material to complete an
   examination for an insurance license;

   13. Knowingly accepting insurance business from an individual who is not
   licensed;

   14. Having an insurance producer, surplus lines broker, or consultant license,
   or its equivalent, denied, suspended or revoked in any other state, province,
   district or territory;

   15. Failing to comply with an administrative or court order imposing a child
   support obligation;

   16. Failing to pay state income tax or comply with any administrative or court
   order directing payment of state income tax; or

   17. Violating any insurance laws, or violating any regulation or order of the
   Commission or of another state&#8217;s insurance regulatory authority.

HISTORY: 2004, c. 460.