License Renewals
Virginia Surplus Lines Broker, Consultant, and Viatical Settlement Broker licenses
must be renewed by June 30, 2012. Non-renewed licenses terminate June 30, 2012.
All other Virginia licenses are perpetual. Review your license renewal status via
Producer Lookup.
The online renewal process will be unavailable after June 30, 2012. Producers that
fail to renew by June 30, 2012 must apply for a NEW license online. Please select one of the following options for your renewal situation:
SURPLUS LINES BROKERS ONLY:
RESIDENTS are not required to provide a new
bond for renewal. A continuation rider indicating the bond is in force must be attached
electronically to the renewal application, written by a Virginia licensed bond company
and valid for the period of 7/1/12 – 6/30/13. When there is a change in the bond
company or to the existing bond, a new bond is required. The individual requesting
renewal may complete the bond form. Completion of the “Applicant’s Certification
and Attestation” certifies you have the required $25,000 Surety bond. The SLB Bond
(SLB-2) form may be downloaded at www.scc.virginia.gov/boi/pro/formapp.aspx.
NONRESIDENTS must hold specific license authority
to act as a SLB (or equivalent line of authority) in their home state or it will
not be renewed. If your home state does not report SLB authority to the NAIC’s Producer
Data Base (PDB), electronically attach a current (no more than 90 days old) certification
letter from the insurance department in the state in which you reside.
Nonresidents are not required to submit a bond.
ALL SURPLUS LINES BROKERS are required to
pay the minimum $300 Bureau Maintenance Assessment even if no Virginia business
was transacted. Your license will not be renewed unless your 2011 tax and assessment
fees have been paid. Tax and assessment questions are to be directed to (804) 371-9333.
Submit licensing questions to bureauofinsurance@scc.virginia.gov.
All electronic processes may be accessed from the Online
Services page.