Virginia § 38.2-4807 Licensees to keep records and file annual statement of policies

Virginia Statutes

§ 38.2-4807 — Licensees to keep records and file annual statement of policies

Virginia § 38.2-4807

Title 38.2INSURANCE

Ch. 48SURPLUS LINES INSURANCE LAW

This text of Virginia § 38.2-4807 (Licensees to keep records and file annual statement of policies) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 38.2-4807 (2026).

Text

A. Every licensed surplus lines broker shall keep in his office a complete record of (i) each policy of insurance procured by him under this chapter during the previous calendar year;

(ii)the name and address of the insurer or insurers;

(iii)the inception and expiration dates of each policy;

(iv)the perils insured against;

(v)the location of each risk so insured and the premium rate and the gross premium charged for each such policy of insurance;

(vi)the amount of premium returned; and (vii) any other information the Commission requires. B. The record of each policy of insurance shall be kept open at all reasonable times to examination by the Commission without notice for a period of not less than five years following termination of the policy.

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A. Every licensed surplus lines broker shall keep in his office a complete record of (i) each policy of insurance procured by him under this chapter during the previous calendar year; (ii) the name and address of the insurer or insurers; (iii) the inception and expiration dates of each policy; (iv) the perils insured against; (v) the location of each risk so insured and the premium rate and the gross premium charged for each such policy of insurance; (vi) the amount of premium returned; and (vii) any other information the Commission requires.

B. The record of each policy of insurance shall be kept open at all reasonable times to examination by the Commission without notice for a period of not less than five years following termination of the policy.