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Providing licensing, regulation, examination, and investigation of insurance companies, agencies and agents; Regulating securities, brokers, investment advisers and registering franchises and trademarks; Regulating Virginia's investor-owned electric, natural gas, water and sewer utilities, and member-owned electric cooperatives;
If you are unable to do so, you may receive a penalty for driving without insurance in Virginia. The average cost of car insurance in Virginia is $657 annually for minimum liability coverage and ...
If you choose to purchase a car insurance policy instead, it must comply with Virginia auto insurance requirements. For policies effective January 1, 2022 to December 31, 2024, drivers must carry ...
The IIABA has spent more than $1 million in 2010 in lobbying efforts on federal crop insurance, insurance licensing reform, and other insurance issues. [2]The IIABA supported the National Association of Registered Agents and Brokers Reform Act of 2013 (H.R. 1155; 113th Congress), a bill which would reduce the regulatory costs of complying with multiple states' requirements for insurance ...
Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as authorized and directed ...
The Virginia Department of Motor Vehicles states that drivers will have to maintain SR-22 insurance in Virginia for three years and pay a reinstatement fee if their license has been suspended.
Often, independent insurance agents will work with insurance intermediaries, who obtain quotes from multiple insurance providers and pass them off to the independent agent. Working with an insurance intermediary service allows the independent agent to review many quotes and offer their clients the best policy options available.
Criteria for license suspension vary by state law, but in many states, your license may be suspended for driving a vehicle registered in your name without meeting the state’s minimum insurance ...