State statute · Virginia
Termination of agent appointment
Virginia Code s. 38.2-1834
Edition and licensing notes
Publisher. Virginia General Assembly (law.lis.virginia.gov)
Status. Code of Virginia, public domain.
What this document is
Virginia Code s. 38.2-1834 - Termination of agent appointment is a state statute published by Virginia General Assembly (law.lis.virginia.gov). It is one of the Virginia documents that insurance license exam questions are written from, including virginia life & health, virginia property & casualty, virginia personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- Va. Code § 38.2-1834 (Duration of Appointment)
“A valid appointment of an agent shall authorize the agent to act for the insurer during the time for which the appointing insurer is licensed to do business in the Commonwealth, unless such appointment is otherwise terminated, suspended, or revoked.”
- Va. Code § 38.2-1834 (Cease After Termination)
“No later than 10 calendar days after notice of the termination, suspension, or revocation of an appointment has been sent to the agent or agency, the agent or agency shall immediately cease selling or soliciting on behalf of such insurer.”
- Va. Code § 38.2-1834 (Insurer Termination Notice)
“upon the termination of the appointment of an agent by an insurer, the insurer shall notify the agent of such termination within five calendar days and promptly notify the Commission in a manner acceptable to the Commission.”
- Va. Code Sec. 38.2-1834(A) (Duration of appointment; cease selling after termination)
“A. A valid appointment of an agent shall authorize the agent to act for the insurer during the time for which the appointing insurer is licensed to do business in the Commonwealth, unless such appointment is otherwise terminated, suspended, or revoked. No later than 10 calendar days after notice of...”
- Va. Code Sec. 38.2-1834(A) (Duration of appointment; cease selling or soliciting after notice of termination)
“No later than 10 calendar days after notice of the termination, suspension, or revocation of an appointment has been sent to the agent or agency, the agent or agency shall immediately cease selling or soliciting on behalf of such insurer.”
- Va. Code Sec. 38.2-1834(B) (Duration of appointment; insurer's notice of termination to the agent and the Commission)
“upon the termination of the appointment of an agent by an insurer, the insurer shall notify the agent of such termination within five calendar days and promptly notify the Commission in a manner acceptable to the Commission.”
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