Reinstatements through the Resident License application are allowed as long as applicant has an inactive resident license on PDB.
As required by Virginia Code, a Viatical Settlement Broker shall within 60 days of licensure and annually thereafter by March 1 of each year certify to the Commission implementation of anti-fraud initiatives reasonably calculated to detect, prosecute, and prevent fraudulent viatical settlement acts. You may find a copy of Virginia Code § 38.2-6011 E at: http://leg1.state.va.us/cgi-bin/legp504.exe?000+cod+38.2-6011.
Visit www.scc.virginia.gov/boi/pro/formapp.aspx to download and properly complete the Annual Certification of Anti-Fraud Initiatives Form. Email completed certifications and any questions concerning your compliance status to VSBAnti-FraudPlan@scc.virginia.gov.
A business entity is not required to first obtain its required certificate or charter from the Commission prior to its eligibility to obtain an insurance producer license. Nevertheless, the business entity must still obtain the requisite certificate or charter within ninety (90) calendar days of licensure. Failure to obtain the certificate or charter will result in the Bureau of Insurance terminating the insurance producer license. The Virginia Clerk's Office can be contacted at 804-371-9733 or visit www.scc.virginia.gov/clk/begin.aspx .
Insurance agencies are required to maintain a Designated Licensed insurance producer ("DRLP") responsible for the agency's compliance with insurance laws and regulations. The DRLP must be an employee, officer, or director of the agency. In regards to Limited Liability Companies and Partnerships, the Bureau will accept members and partners respectively as the DRLP. With respect to a business entity holding certain types of a limited lines license, the DRLP is not required to be an employee, officer, or director of the vendor or lessor. Business entities are required within 30 calendar days to report the removal of the DRLP and the name of the new DRLP.
All Designated Responsible Licensed insurance producers (DRLP) on Viatical Settlement Broker applications must hold an active (resident or non-resident) Virginia Viatical Settlement Broker License.
All Designated Responsible Licensed insurance producers (DRLP) listed must actively hold at least one of the following: Virginian Insurance Producer/Limited Lines Producer LOA's: Life, Health, Property & Casualty, Personal Lines, Variable Contracts, Title, Limited Lines P&C, Limited Lines Life & Health, Motor Vehicle Rental Contract, Credit.
All Designated Responsible Licensed insurance producers (DRLP) on Surplus Lines Broker applications must hold an active (resident or non-resident) Virginian insurance producer Property & Casualty line of authority.
All Designated Responsible Licensed insurance producers (DRLP) on Consultant applications must hold an active (resident or non-resident) Virginia Life & Health Consultant License or Property & Casualty Consultant License or at least one VA (resident or non-resident) active major line of authority.
All Designated Responsible Licensed insurance producers (DRLP) for a Public Adjuster must hold an active (resident or non-resident) Public Adjuster license in Virginia.
Business applicants must provide an address in the jurisdiction. P.O. Boxes will only be accepted for mailing address but not business address.
Sole Proprietorships are not accepted for electronic licensing through the VA Resident Licensing application.
If applicant responds "yes" to one of the background questions please submit supporting documents electronically via NIPR's Attachments Warehouse. The documents may also be emailed to the state AgentLicensing@scc.virginia.gov.
Resident applicants applying for Surplus Lines Broker license must actively hold insurance producer P&C license.
Please allow a minimum of fifteen (15) business days for processing before contacting the Bureau concerning the status of an application. An application is closed after 30 calendar days if all of the required documentation is not provided. To search for Virginia license numbers please visit the state website.