Virginia Seal

Virginia

state commissioner

Scott A. White

STATE phone
(804) 371-9631
STATE LICENSE DIVISION ADDRESS

Bureau of Insurance State Corporation Commission

Appointments & Terminations

Required to report appointments?

Yes

Permits Just-in-time (JIT) appointments?

Yes

Initial appointment deadlines

Within 30 days of first business execution

Initial appointment deadline rule

JIT appointments permitted. Appointment must be submitted within 30 days of the date of execution of the first piece of business

Can be processed via nipr?

Yes

Fees for appointing a resident agency or individual?

$7 per LOA but no less than $25

Fees for appointing a nonresident agency or individual?

$7 per LOA but no less than $25

Appoint agencies?

Yes

Adjuster appointments via NIPR?

No

Appointment effective date can be specified?

Yes

Appointment effective date rule

Required and is the date supplied on transaction. Must not be in the future and must be less than 30 days old.

State requires appointment renewal?

Yes

Appointment renewals via

Virginia portal

Appointment renewal fee

1 year, $10 per line

Terminations processed via NIPR?

Yes

Termination reasons

Voluntary termination; death; appointed in error; cancelled for cause

Termination date can be specified by carrier?

Yes

Termination Effective date rule

Required and is the date supplied on transaction. Must not be in the future and must be less than 30 days old

Termination fee

No fee

Licensing

Initial individual new license fee

Resident New License Insurance Producer: $15 (per LOA) Resident New License Surplus Lines Broker: $15 Resident New License Limited Lines: $15 Non Resident New License Insurance Producer: $15 (per LOA) Non Resident New License Surplus Lines Broker: $15 Non Resident New License Limited Lines: $15 (per LOA)

License renewal fee

Resident: Public AdjusterFee: $10 Late Renewal Fee: $30 Consultant Fee: $10 Late Renewal Fee: $30 Fee Disclaimers: All fees are charged per line of authority Surplus Lines Broker Fee: $10 Late Renewal Fee: $30 Viatical Settlement Broker Fee: $10 Late Renewal Fee: $30 Insurance Producer Fee: $10 Late Renewal Fee: $30 Fee Disclaimers: All fees are charged per line of authority Limited Lines Producer Fee: $10 Late Renewal Fee: $30 Fee Disclaimers: All fees are charged per line of authority Nonresident Consultant Fee: $10 Late Renewal Fee: $30 Fee Disclaimers: All fees are charged per line of authority Surplus Lines Broker Fee: $10 Viatical Settlement Broker Fee: $10 Insurance Producer Fee: $10 Late Renewal Fee: $30 Fee Disclaimers: All fees are charged per line of authority Limited Lines Producer Fee: $10 Late Renewal Fee: $30 Fee Disclaimers: All fees are charged per line of authority

When does the resident individual producer license renewal period begin?

90 days before expiration

What is the resident individual producer license renewal date?

Last day of birth month every 2 years based on year of birth

Late renewal or reinstatement period for resident individual producer license?

Late renewal allowed up to one year after expiration

When does the nonresident individual producer license renewal period begin?

90 days before expiration

What is the nonresident individual producer license renewal date?

Last day of birth month every 2 years based on year of birth

Late renewal or reinstatement period for nonresident individual producer license?

Late renewal allowed up to one year after expiration

Can a producer use a P.O. Box in their resident or business address?

For individual's business address only

Are individuals required to list their county as part of the address?

No

What addresses are required for individual license maintenance?

Business and Mailing

State individual licenses include

Risk Retention Group, Viatical Settlement Broker, Surplus Lines Broker, Public Adjuster, Reins Intermediary Broker, Consultant, Insurance Producer, Coop Non-Profit Life Benefit, Mortgage Redemption, Health Services/HMOs, Property & Casualty Insurer, Title Settlement Agency, Life & Health Insurer, Temporary Producer, Limited Lines Producer

State broker license rule

A consultant license is required for an individual or a business entity that acts as a property and casualty insurance consultant or a life and health insurance consultant for compensation.A nonresident may obtain a Virginia consultant license if: a. he/she holds the same license in his resident state; and b. the resident state has a reciprocal agreement with Virginia. Insurers are not required to appoint Brokers per NAIC PLMA

Requires pre licensing courses?

No

Background Check Required?

Yes – FBI

Fingerprints Required?

Yes, for Resident Licensing

Fingerprint Submission Details

FieldPrint - Application must be submitted within 90 days of fingerprints

Where to apply for resident license?

NIPR Gateway

What Transactions are Retaliatory Fees Applied to?

None

Submit Partial License Renewals through NIPR?

Yes

Has Personal Lines LOA?

Yes

Deadline to report personal data changes (address, name change, phone number, etc.)

A licensee must file notice within 30 calendar days of a change of name, residence address, or email address. Contact Change Request supported via NIPR Gateway.

Agency

Can a sole proprietor be licensed as an entity?

No

DRLP must have active state license

Yes

DRLPs must cumulatively cover all LOAs in application

No

Agency Licensing renewals

90 days prior to expiration until expiration date. No late renewals.

Agency License required?

Yes

Affiliations: Indicates if producers selling on behalf of/through an entity must be formally affiliated with that entity and if the entity must notify the department of changes

No

Branch office

If the branch is operating under the same name as the licensed Business Entity, then the branch may be added to the existing license.

Adjuster

Requires adjuster license?

Only Public Adjusters

Offers designated home state?

No

DHS exam required?

N/A

Reciprocity states

None

Independent adjuster renewal date

Biennially, on the date the license was issued.

Continuing Education

Total hours per renewal period

16 -24

Renewal period

2 years

CE due before license renewal date?

Yes

License renewal date is

Last day of birth month

License renewal year based on...

Year of birth

When is the CE due?

Prior to license expiration.

Exemptions to CE

Resident producers who are at least 65 years old and have held a Virginia license for 20 consecutive years don’t need to worry about CE requirements. Also, resident producers at least 65 years old who’ve held their license for the preceding four years and hold a license authority for Virginia for at least 20 of the immediately preceding 30 years may also be exempt from maintaining CE requirements.

What if a producer missed the renewal date?

Reinstatements only apply to individual licenses. Individual licenses may be reinstated within one year from the renewal date. In addition to the original renewal fee, a reinstatement fee that is double the renewal fee will be required. Renewal fee is $10 plus a $20 reinstatement fee per LOA. All CE requirements must be satisfied before submitting a reinstatement.

Ethics requirements

3

Flood-specific CE requirements

3 hours of NFIP course

LTC-specific CE requirements

8-hour initial certification (separate from or in addition to 2 hours of Virginia-specific LTC CE), with 4 hours of LTC-specific training every two years

Annuity-specific CE requirements

One-time, 4-hour course

Regulatory Updates

Virginia to Disallow Reinstatements for Admin Term for CE Status

Effective October 13, 2023, Virginia will no longer allow applicants with the status of Admin Term for CE to reinstate through NIPR.  The affected applications are Resident Licensing and Resident Licensing Renewals.

Virginia – adding new validation to prevent amendments (LOA addition) during the license renewal period.

**Virginia Adding New Validation to Prevent Amendments (LOA addition) During License Renewal Period.**

Virginia Will Add Non-Uniform Questions for Viatical Settlement Broker

Effective June 9, 2023, Virginia will add new Non-Uniform Questions for Viatical Settlement Broker applicants. These will be required for Resident, Non-Resident, Resident Renewal, and Non-Resident Renewals.

Update: Virginia Fee for “Admin Term” for CE Status

Virginia has updated the effective date for related to the fee for Admin Term for CE status reason. The new effective date is January 13, 2023. Previously the effective date was December 28, 2022.

Virginia Applicants with “Admin Term” statius for CE Will Have Fee Update

Effective ~~December 28, 2022~~ January 13, 2023, if an applicant's status is Admin Term for CE, then a $20 fee per line of authority will be assessed after the expiration date. On January 12, 2023 the effective date was updated to January 13, 2023.

Virginia Updates Late Renewals and Reinstatements

On April 1, 2022, Virginia will be determining if a license is eligible for a late renewal or reinstatement by the authority status date for that producer. A licensee may have a late renewal or submission of a reinstatement on both their resident and non resident license for up to one year after the LOA status date.

Virginia Changes Appointment Fee

As of 1/1/22, the appointment fee was reduced from $10 to $7. This change will be reflected starting 4/1/22 quarterly billing and for anything following this date.

Virginia Reminds All to Read Cybersecurity Policy

Cybersecurity risk has been raised for US critical infrastructure following the Russian attacks on Ukraine. As a result, the State Corporation Commission's Bureau of Insurance prompts each licensee should review Shields Up.

Virginia Reinstatement Fees to Initial Applications

Virginia will charge a reinstatement fee for an LOA if the license associated was already renewed and the LOA was within a year of its expiration date.

FAQs