§ 38.2-4807. Licensees to keep records and file annual statement of policies
A. Every licensed surplus lines broker shall keep in his office a complete record of, and file on a form prescribed by the Commission in the office of the Commission annually on or before March 1, subject to § 38.2-1304 a statement setting forth (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.
(Code 1950, § 38.1-314.8; 1960, c. 503; 1979, c. 513, § 38.1-327.53; 1986, c. 562; 2001, c. 706.)
Sections: Previous 38.2-4800 38.2-4806 38.2-4807 38.2-4808 38.2-4809 38.2-4810 38.2-4811 38.2-4812 38.2-4813 38.2-4814 38.2-4815 NextLast modified: April 16, 2009