38.2-1837 - Definitions. - Virginia Statutes

§ 38.2-1837. Definitions.

As used in this article:

"Insurance consultant" means any individual or business entity who acts asan independent contractor in relation to his client and for a fee orcompensation, other than from an insurer or agent or surplus lines broker,advises or offers or purports to advise, as to life and health or propertyand casualty insurance, any person actively or prospectively insured."Insurance consultant" shall not include:

1. Any licensed attorney acting in his professional capacity;

2. A trust officer of a bank acting in the normal course of his employment;

3. Any actuary or certified public accountant who consults during the normalcourse of his business; and

4. Any person employed as a risk manager and who consults for his employeronly.

"Life and health insurance consultant" means an insurance consultant whoseservices are limited to insurance as defined in §§ 38.2-102 through 38.2-109or health services as provided for in Chapters 42 (§ 38.2-4200 et seq.) and43 (§ 38.2-4300 et seq.) of this title.

"Property and casualty insurance consultant" means an insurance consultantwhose services are limited to insurance as defined in §§ 38.2-110 through38.2-122 and 38.2-124 through 38.2-134.

(1985, c. 3, § 38.1-327.62; 1986, c. 562; 1987, cc. 521, 678; 1992, c. 574;2001, c. 706.)