§ 38.2-1820. Issuance of license
A. Each applicant who is at least eighteen years of age and who has satisfied the Commission that he is of good character, has a good reputation for honesty, and has complied with the other requirements of this article is entitled to and shall receive a license in the form the Commission prescribes.
B. A business entity acting as an insurance producer is required to obtain an insurance producer license. Application shall be made using the Uniform Business Entity Application, or such other application acceptable to the Commission. Before approving the application, the Commission shall find that:
1. The business entity has paid the fees set forth in § 38.2-1819; and
2. The business entity has designated a licensed producer responsible for the business entity's compliance with the insurance laws, rules and regulations of this Commonwealth.
C. The Commission may require any documents reasonably necessary to verify the information contained in an application.
(1979, c. 513, § 38.1-327.21; 1985, c. 616; 1986, c. 562; 2001, c. 706; 2008, c. 213.)Sections: Previous 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 38.2-1821.1 38.2-1822 38.2-1823 38.2-1824 38.2-1825 38.2-1826 Next
Last modified: April 16, 2009