§ 38.2-1815. License required of resident life and annuities agent
A. No individual who is a resident of this Commonwealth shall obtain a license as a life and annuities agent from the Commission unless he has passed an examination in a form and manner prescribed by the Commission.
B. An individual may obtain a license as a limited lines credit insurance agent, a limited lines life and health agent, a motor vehicle rental contract insurance agent, or any other type of license of restricted authority that the Commission may deem it necessary to recognize for the purposes of complying with § 38.2-1836 without taking such examination.
C. No individual shall obtain a license as a variable contract agent unless he currently holds a life and annuities license or a restricted nonresident life and annuities license, and has passed the National Association of Securities Dealers examination or examinations prescribed by the Commission or such other examination prescribed by the Commission.
(1979, c. 513, § 38.1-327.24; 1982, c. 223; 1983, cc. 160, 185; 1985, c. 616; 1986, c. 562; 1987, c. 521; 1993, c. 695; 1998, c. 47; 1999, c. 86; 2001, c. 706.)
Sections: Previous 38.2-1811 38.2-1812 38.2-1812.1 38.2-1812.2 38.2-1813 38.2-1814 38.2-1814.1 38.2-1815 38.2-1815.1 38.2-1816 38.2-1817 38.2-1818 38.2-1819 38.2-1820 38.2-1821 NextLast modified: April 16, 2009