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Virginia Law

Code of Virginia

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Code of Virginia
Title 38.2. Insurance
Chapter 18. Insurance Agents
10/14/2024

§ 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 person is not a holder of a valid agent's license to transact the class of insurance involved shall be penalized a sum equal to the first year commission for the placement of that business and in addition shall be subject to the penalties prescribed 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.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.