                                 CODE OF VIRGINIA

LICENSEES TO KEEP RECORDS AND FILE ANNUAL STATEMENT OF POLICIES (§ 38.2-4807)

A. Every licensed surplus lines broker shall keep in his office a complete
record of (i) each policy of insurance procured by him under this chapter during
the previous calendar year; (ii) the name and address of the insurer or
insurers; (iii) the inception and expiration dates of each policy; (iv) the
perils insured against; (v) the location of each risk so insured and the premium
rate and the gross premium charged for each such policy of insurance; (vi) the
amount of premium returned; and (vii) any other information the Commission
requires.

B. The record of each policy of insurance shall be kept open at all reasonable
times to examination by the Commission without notice for a period of not less
than five years following termination of the policy.

HISTORY: Code 1950, § 38.1-314.8; 1960, c. 503; 1979, c. 513, § 38.1-327.53;
1986, c. 562; 2001, c. 706; 2011, c. 498.