Code of Virginia § 38.2-1823. Penalty for acting for insurer, joint underwriting association, etc., when not licensed.
79 words·~1 min read·
/va/title-38-2/chapter-18/38-2-1823A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any person submitting business, in violation of § 38.2-1822 , while the person is not a holder of a valid agent's license to transact the class of insurance involved shall be penalized a sum equal to the first year commission for the placement of that business and in addition shall be subject to the penalties prescribed in §§ 38.2-218 and 38.2-1831 .
1979, c. 513, § 38.1-327.34; 1981, c. 604; 1985, c. 616; 1986, c. 562; 1987, c. 521.