SECTION 38.2-1823. Penalty for acting for insurer, joint underwriting association, etc., when not licensed  

Any person submitting business, in violation of § 38.2-1822 , while the person is not a holder of a valid agent's license to transact the class of insurance involved shall be penalized a sum equal to the first year commission for the placement of that business and in addition shall be subject to the penalties prescribed in §§ 38.2-1822 and 38.2-1822 .

1979, c. 513, § 38.1-327.34; 1981, c. 604; 1985, c. 616; 1986, c. 562; 1987, c. 521.