Administrative Code

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Virginia Administrative Code
Title 10. Finance And Financial Institutions
Agency 5. State Corporation Commission
Chapter 70. Sale of Noncredit-Related Life Insurance in Consumer Finance Offices

10VAC5-70-40. Compliance with insurance laws.

Persons soliciting the sale of noncredit-related life insurance in licensed consumer finance offices shall be licensed to do so, as required under Virginia insurance laws. The underwriter and selling company of noncredit-related life insurance sold in licensed consumer finance offices shall be authorized to transact the insurance business, as required under Virginia insurance laws.

Statutory Authority

§ 6.2-1535 of the Code of Virginia.

Historical Notes

Derived from VR225-01-0607 § 4, eff. July 1, 1995.

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