Code of Virginia § 38.2-1857.6. Accepting and placing surplus lines business.
107 words·~1 min read·
/va/title-38-2/chapter-18/38-2-1857-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No surplus lines broker shall accept surplus lines business from any person other than an applicant for insurance or a duly licensed property or casualty insurance agent, nor shall such surplus lines broker compensate any person other than a duly licensed property or casualty insurance agent for such business. No person other than an applicant for insurance or a duly licensed property or casualty insurance agent shall place surplus lines business with a surplus lines broker licensed under this article nor shall any person other than a duly licensed property or casualty insurance agent accept compensation for such business.
2001, c. 706 ; 2011, c. 498 .