The following information from the states is meant to inform you of temporary or recent changes regarding the processing of resident license renewals. For specific information regarding state rules, please see the State Requirements section.
- Resident surplus lines broker
- Resident producer who holds a resident surplus lines broker. If you have a resident producer license but do not hold a resident surplus lines broker license, renew your resident producer license on Hawaii’s website.
Nonstandard License Renewal Notice: Virginia resident and nonresident Surplus Lines Broker, Consultant and Viatical Settlement Broker licenses must be renewed prior to July 1, 2015, regardless of when the license was issued. Non-renewed licenses terminate June 30, 2015. All other Virginia licenses are perpetual.
Resident Surplus Lines Brokers Only: As a condition of renewal, the electronic application includes an “attestation” wherein the applicant must certify that they have, and will keep in force for as long as the license remains in effect, a $25,000 bond in favor of the Commonwealth with corporate sureties licensed by the Commission. The surety bond number, effective date and full name of the insurer must be included on the application for renewal. The Bureau will not require receipt of the actual bond as a condition of renewal.
All Surplus Lines Brokers: If you renew your license but have not filed the Virginia Bureau of Insurance Maintenance Assessment Report and paid the Maintenance Assessment, your license may be revoked. The Maintenance Assessment must be paid even if no Virginia business was transacted. Visit Virginia Surplus Lines Brokers Regulatory Information page for additional information.