38.2-1830 - Temporary licenses and appointments; when issued.
§ 38.2-1830. Temporary licenses and appointments; when issued.
A. Temporary individual licenses providing for life and health insuranceauthority or property and casualty insurance authority shall be issued by theCommission in the following circumstances:
1. Upon the death of an agent, to his personal representative, survivingspouse, employee, child or next of kin;
2. Upon the inability of an agent to act because of sickness, injury ormental incapacity, to his spouse, child, next of kin, employee or legalrepresentative;
3. Upon the sale of the agent's business, to any person employed in thebusiness. In the event no person is available and suitable for licensing andappointment, the Commission may license and appoint any other suitableperson; or
4. To an applicant who is to be an appointed agent of a home service insurer,and who will be assigned a debit and will actually collect the premiums oninsurance contracts during the period of such temporary license.
B. Before any temporary license is issued, the applicant shall file with theCommission an application in the form and containing the information theCommission prescribes.
C. No examination shall be required of the applicant; however, no licenseshall be issued until the Commission is satisfied that the applicant istrustworthy and competent to be licensed.
D. Only one temporary life and health license and one temporary property andcasualty license may be issued to any individual during his lifetime, andeach such temporary license shall be valid for a period of 180 calendar days.
E. Appointments made by insurers of agents holding temporary licenses shallexpire upon the expiration of the temporary license, unless the agent hasobtained prior to expiration of the temporary license, a permanent license ofthe same type, in which event the appointment shall remain in effect subjectto the provisions of § 38.2-1825.
F. An individual holding a temporary license shall not be prevented fromsecuring a license by meeting the applicable requirements for the license,nor shall a temporary license be required before an individual may obtain alicense.
G. The Commission, in its sole discretion and for good cause shown, may renewlicenses granted under this section.
(Code 1950, § 38.1-310; 1952, c. 317; 1979, c. 513, § 38.1-327.42; 1986, c.562; 1987, c. 521; 1989, c. 435; 2001, c. 706.)