HB261: Insurance agents; compliance with continuing education requirements.

Chief Patron

Del. Frank Hargrove (R-55)

Frank Hargrove (R-55)
Glen Allen, VA
Served: 1982–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

04/05/2006: signed by governor

View Entire History

Summary

Insurance agents; compliance with continuing education requirements.  Allows an insurance agent who obtained the required continuing education course credits but failed to submit proof of compliance within the permitted time to submit proof of compliance after the State Corporation Commission has issued a notice of impending termination of the agent's license. To make such a late submission of proof of compliance, the agent is required to submit the proof of compliance and pay filing fees and a $500 penalty within the 30-day period following the Commission's issuance of notice of impending termination of the license. An agent who has had multiple licenses terminated will be able to apply for new licenses within the 90-day period after termination upon payment of one administrative penalty of $1,000, regardless of the number of licenses for which he applies.   View Full Text »