38.2-1820 - Issuance of license. - Virginia Statutes

§ 38.2-1820. Issuance of license.

A. Each applicant who is at least eighteen years of age and who has satisfiedthe Commission that he is of good character, has a good reputation forhonesty, and has complied with the other requirements of this article isentitled 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 aninsurance producer license. Application shall be made using the UniformBusiness Entity Application, or such other application acceptable to theCommission. 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 thebusiness entity's compliance with the insurance laws, rules and regulationsof this Commonwealth.

C. The Commission may require any documents reasonably necessary to verifythe information contained in an application.

(1979, c. 513, § 38.1-327.21; 1985, c. 616; 1986, c. 562; 2001, c. 706; 2008,c. 213.)