38.2-1815 - License required of resident life and annuities agent. - Virginia Statutes

§ 38.2-1815. License required of resident life and annuities agent.

A. No individual who is a resident of the Commonwealth shall obtain a licenseas a life and annuities agent from the Commission unless the individual haspassed an examination in a form and manner prescribed by the Commission.

B. An individual may obtain a license as a limited lines credit insuranceagent, a limited lines life and health agent, a motor vehicle rental contractinsurance agent, or any other type of license of restricted authority thatthe Commission may deem it necessary to recognize for the purposes ofcomplying with § 38.2-1836 without taking such examination.

C. No individual who is a resident of the Commonwealth shall obtain a licenseas a variable contract agent unless the individual currently holds a life andannuities license, and no individual, whether resident or nonresident, shallobtain a license as a variable contract agent unless the individual haspassed the Financial Industry Regulatory Authority examination orexaminations prescribed by the Commission or such other examinationprescribed 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; 2010, c. 281.)