38.2-1842 - Requirement to report to Commission.
§ 38.2-1842. Requirement to report to Commission.
A. Each licensed insurance consultant shall report within thirty calendardays to the Commission any change in his residence or name.
B. In addition to the requirements of §§ 59.1-69 and 59.1-70, any individualor business entity licensed as an insurance consultant in this Commonwealthand operating under an assumed or fictitious name shall notify theCommission, at the earlier of the time the application for an insuranceconsultant license is filed or within thirty calendar days from the date theassumed or fictitious name is adopted, setting forth the name under which theinsurance consultant intends to operate in Virginia. The Commission shallalso be notified within thirty calendar days from the date of cessation ofthe use of such assumed or fictitious name.
C. Each licensed insurance consultant convicted of a felony shall reportwithin thirty calendar days to the Commission the facts and circumstancesregarding the criminal conviction.
D. Each licensed insurance consultant shall report to the Commission withinthirty calendar days of the final disposition of the matter anyadministrative action taken against him in another jurisdiction or by anothergovernmental agency in this Commonwealth. Such report shall include a copy ofthe order, consent to order or other relevant legal documents.
E. The license authority of any licensed resident insurance consultant shallterminate immediately when such insurance consultant has moved his residencefrom this Commonwealth, whether or not the Commission has been notified ofsuch move.
(1985, c. 3, § 38.1-327.67; 1986, c. 562; 1987, cc. 521, 678; 1999, c. 59;2001, c. 706.)