Insurance agents; licensing requirements. (SB246)

Introduced By

Sen. Roz Dance (D-Petersburg)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Insurance agents; licensing requirements. Removes prospectively the exemption from examination requirements for individuals who have been awarded the Chartered Property and Casualty Underwriter and Chartered Life Underwriter designations. Insurance agent licenses that were granted to individuals who qualified for the designation exemptions will remain valid unless and until their licenses are otherwise terminated. The measure also (i) requires licensed resident public adjuster entities to meet the same bonding requirements as resident public adjusters, nonresident public adjusters, and nonresident public adjuster entities and (ii) adds manager, member, or partner to those individuals or entities that may be considered a designated licensed producer for an agency. Read the Bill »


Bill Has Passed


01/05/2018Prefiled and ordered printed; offered 01/10/18 18101279D
01/05/2018Referred to Committee on Commerce and Labor
01/22/2018Impact statement from SCC (SB246)
01/22/2018Reported from Commerce and Labor (14-Y 0-N 1-A) (see vote tally)
01/24/2018Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/25/2018Read second time and engrossed
01/26/2018Read third time and passed Senate (36-Y 1-N 2-A) (see vote tally)
01/31/2018Placed on Calendar
01/31/2018Read first time
01/31/2018Referred to Committee on Commerce and Labor
02/15/2018Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
02/19/2018Read second time
02/20/2018Read third time
02/20/2018Passed House BLOCK VOTE (100-Y 0-N)
02/20/2018VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally)
02/22/2018Bill text as passed Senate and House (SB246ER)
02/22/2018Signed by Speaker
02/23/2018Impact statement from SCC (SB246ER)
02/23/2018Signed by President
02/26/2018Enrolled Bill Communicated to Governor on February 26, 2018
02/26/2018G Governor's Action Deadline Midnight, March 5, 2018
03/02/2018G Approved by Governor-Chapter 131 (effective - see bill)
03/02/2018G Approved by Governor-Chapter 131 (effective - 7/1/2018)
03/02/2018G Acts of Assembly Chapter text (CHAP0131)