38.2-1823 - Penalty for acting for insurer, joint underwriting association, etc., when not licensed. - Virginia Statutes

§ 38.2-1823. Penalty for acting for insurer, joint underwriting association,etc., when not licensed.

Any person submitting business, in violation of § 38.2-1822, while the personis not a holder of a valid agent's license to transact the class of insuranceinvolved shall be penalized a sum equal to the first year commission for theplacement of that business and in addition shall be subject to the penaltiesprescribed 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.)