§ 38.2-2412.2. Surety bail bondsman; notice to Department of Criminal JusticeServices of violations.
A. The Commission shall notify the Department of Criminal Justice Services ofany action taken or investigation concerning any violation by a property andcasualty agent who is also licensed as a surety bail bondsman of theprohibitions listed in this section within 30 days from the receipt of theinitial report of a violation. The Commission and the Department of CriminalJustice Services may conduct a joint investigation of any alleged violation.
1. Providing materially incorrect, misleading, incomplete or untrueinformation in the license application or any other document filed with theCommission;
2. Violating any subpoena of the Commission;
3. Obtaining or attempting to obtain a license through misrepresentation orfraud;
4. Engaging in the practice of rebating;
5. Engaging in twisting or any form thereof, where "twisting" meansinducing an insured to terminate an existing policy and purchase a new policythrough misrepresentation;
6. Improperly withholding, misappropriating or converting any moneys orproperties received in the course of doing business;
7. Intentionally misrepresenting the terms of an actual or proposed insurancecontract or application for insurance;
8. Having admitted or been found to have committed any insurance unfair tradepractice or fraud;
9. Having been convicted of a felony;
10. Using fraudulent, coercive, or dishonest practices, or demonstratingincompetence or untrustworthiness in the conduct of business in theCommonwealth or elsewhere, or demonstrating financial irresponsibility in thehandling of applicant, policyholder, agency, or insurance company funds;
11. Forging another's name to an application for insurance or to any documentrelated to an insurance transaction;
12. Improperly using notes or any other reference material to complete anexamination for an insurance license;
13. Knowingly accepting insurance business from an individual who is notlicensed;
14. Having an insurance producer, surplus lines broker, or consultantlicense, or its equivalent, denied, suspended or revoked in any other state,province, district or territory;
15. Failing to comply with an administrative or court order imposing a childsupport obligation;
16. Failing to pay state income tax or comply with any administrative orcourt order directing payment of state income tax; or
17. Violating any insurance laws, or violating any regulation or order of theCommission or of another state's insurance regulatory authority.
§ 38.2-2412.2. Surety bail bondsman; notice to Department of Criminal JusticeServices of violations.
A. The Commission shall notify the Department of Criminal Justice Services ofany action taken or investigation concerning any violation by a property andcasualty agent who is also licensed as a surety bail bondsman of theprohibitions listed in this section within 30 days from the receipt of theinitial report of a violation. The Commission and the Department of CriminalJustice Services may conduct a joint investigation of any alleged violation.
1. Providing materially incorrect, misleading, incomplete or untrueinformation in the license application or any other document filed with theCommission;
2. Violating any subpoena of the Commission;
3. Obtaining or attempting to obtain a license through misrepresentation orfraud;
4. Engaging in the practice of rebating;
5. Engaging in twisting or any form thereof, where "twisting" meansinducing an insured to terminate an existing policy and purchase a new policythrough misrepresentation;
6. Improperly withholding, misappropriating or converting any moneys orproperties received in the course of doing business;
7. Intentionally misrepresenting the terms of an actual or proposed insurancecontract or application for insurance;
8. Having admitted or been found to have committed any insurance unfair tradepractice or fraud;
9. Having been convicted of a felony;
10. Using fraudulent, coercive, or dishonest practices, or demonstratingincompetence or untrustworthiness in the conduct of business in theCommonwealth or elsewhere, or demonstrating financial irresponsibility in thehandling of applicant, policyholder, agency, or insurance company funds;
11. Forging another's name to an application for insurance or to any documentrelated to an insurance transaction;
12. Improperly using notes or any other reference material to complete anexamination for an insurance license;
13. Knowingly accepting insurance business from an individual who is notlicensed;
14. Having an insurance producer, surplus lines broker, or consultantlicense, or its equivalent, denied, suspended or revoked in any other state,province, district or territory;
15. Failing to comply with an administrative or court order imposing a childsupport obligation;
16. Failing to pay state income tax or comply with any administrative orcourt order directing payment of state income tax; or
17. Violating any insurance laws, or violating any regulation or order of theCommission or of another state's insurance regulatory authority.
§ 38.2-2412.2. Surety bail bondsman; notice to Department of Criminal JusticeServices of violations.
A. The Commission shall notify the Department of Criminal Justice Services ofany action taken or investigation concerning any violation by a property andcasualty agent who is also licensed as a surety bail bondsman of theprohibitions listed in this section within 30 days from the receipt of theinitial report of a violation. The Commission and the Department of CriminalJustice Services may conduct a joint investigation of any alleged violation.
1. Providing materially incorrect, misleading, incomplete or untrueinformation in the license application or any other document filed with theCommission;
2. Violating any subpoena of the Commission;
3. Obtaining or attempting to obtain a license through misrepresentation orfraud;
4. Engaging in the practice of rebating;
5. Engaging in twisting or any form thereof, where "twisting" meansinducing an insured to terminate an existing policy and purchase a new policythrough misrepresentation;
6. Improperly withholding, misappropriating or converting any moneys orproperties received in the course of doing business;
7. Intentionally misrepresenting the terms of an actual or proposed insurancecontract or application for insurance;
8. Having admitted or been found to have committed any insurance unfair tradepractice or fraud;
9. Having been convicted of a felony;
10. Using fraudulent, coercive, or dishonest practices, or demonstratingincompetence or untrustworthiness in the conduct of business in theCommonwealth or elsewhere, or demonstrating financial irresponsibility in thehandling of applicant, policyholder, agency, or insurance company funds;
11. Forging another's name to an application for insurance or to any documentrelated to an insurance transaction;
12. Improperly using notes or any other reference material to complete anexamination for an insurance license;
13. Knowingly accepting insurance business from an individual who is notlicensed;
14. Having an insurance producer, surplus lines broker, or consultantlicense, or its equivalent, denied, suspended or revoked in any other state,province, district or territory;
15. Failing to comply with an administrative or court order imposing a childsupport obligation;
16. Failing to pay state income tax or comply with any administrative orcourt order directing payment of state income tax; or
17. Violating any insurance laws, or violating any regulation or order of theCommission or of another state's insurance regulatory authority.
