Code of Virginia - Title 38.2 Insurance - Section 38.2-1857.4 Term of licenses; renewal

§ 38.2-1857.4. Term of licenses; renewal

A. Every license issued pursuant to this chapter shall be for a term expiring on June 30 next following the date of its issuance and may be renewed for the ensuing license year, upon the filing of an application in the form prescribed by the Commission and payment of the nonrefundable renewal application processing fee prescribed in § 38.2-1857.3.

B. Any licensed resident surplus lines broker who has moved his residence from this Commonwealth shall have all licenses immediately terminated by the Commission.

(2001, c. 706.)

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Last modified: April 16, 2009