Virginia Insurance Licensing
News
Read All NewsAppointments and Terminations in Virginia
Yes
Yes
Within 30 days of first business execution
JIT appointments permitted. Appointment must be submitted within 30 days of the date of execution of the first piece of business
Yes
$7 per LOA but no less than $25
$7 per LOA but no less than $25
Yes
No
Yes
Required and is the date supplied on transaction. Must not be in the future and must be less than 30 days old.
Yes
Virginia portal
1 year, $10 per line
Yes
Voluntary termination; death; appointed in error; cancelled for cause
Yes
Required and is the date supplied on transaction. Must not be in the future and must be less than 30 days old
No fee
Licensing in Virginia
Initial individual new license fee:
$15 (per LOA)
$15
$15
$15 (per LOA)
$15
$15 (per LOA)
License renewal fee:
$10 Late Renewal Fee: $30
$10 Late Renewal Fee: $40
$10 Late Renewal Fee: $30
$10 Late Renewal Fee: $30
$10 Late Renewal Fee: $30
$10
$10
$30
$10 Late Renewal Fee: $30
90 days before expiration
Last day of birth month every 2 years based on year of birth
Late renewal allowed up to one year after expiration
Agency Licensing in Virginia
No
Yes
No
90 days prior to expiration until expiration date. No late renewals.
Yes
Independent and Emergency Adjuster Licensing in Virginia
Only Public Adjusters
No
N/A
None
Biennially, on the date the license was issued.
Continuing Education Requirements for Virginia Insurance Licensees
Here at Agenzee, we strive to provide accurate and up-to-date information on CE requirements for various states. While we take pride in our thorough research and expertise, we encourage our readers to conduct their own due diligence by consulting their state’s department of insurance for specific requirements. Remember, staying informed is key, and we’re here to support you on your journey to compliance!
Licensees must complete between 16 to 24 hours of continuing education every two years.
The renewal period is biennial, occurring every two years.
Yes, continuing education credits are due before the license renewal date.
The license renewal year is based on the year of first license issuance.
The license renewal year is based on the year of birth.
Continuing education credits are due prior to license expiration.
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.
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. The renewal fee is $10 plus a $20 reinstatement fee per line of authority. All CE requirements must be satisfied before submitting a reinstatement.
Licensees must complete 3 hours of ethics training.
Licensees must complete 3 hours of NFIP course.
Frequently Asked Questions on Virginia Insurance Licensing
You can apply through the NIPR Gateway. Be sure to complete any necessary pre-licensing courses if applicable, and submit all required documentation for your application.
Virginia
Scott A. White
Bureau of Insurance State Corporation Commission
