38.2-6004 - Reporting requirements. - Virginia Statutes

§ 38.2-6004. Reporting requirements.

A. Each licensee under this chapter shall file with the Commission on orbefore March 1 of each year the certification required by subsection E of §38.2-6011 and an annual report containing such information as the Commissionmay prescribe by rule or regulation; however, such information shall belimited to only those transactions where the viator is a resident of thisCommonwealth.

B. A viatical settlement provider shall report in writing to the Commissionthe following:

1. New or revised information about its officers, stockholders owning 10percent or greater interest in the licensee or an affiliate of the licensee,partners, directors, members, or designated employees within 30 calendar daysof the change;

2. Any change in business or residence address or name within 30 calendardays of the change.

C. A licensed viatical settlement provider convicted of a felony shall reportwithin 30 calendar days to the Commission the facts and circumstancesregarding the criminal conviction.

(1997, c. 814, § 38.2-5703; 1999, c. 59; 2001, c. 706; 2003, c. 717.)