Licenses have a renewal date based on your birth month and odd/even year of birth. For example, if you were born in an odd-numbered year, your license will expire at the end of your birth month in odd-numbered years. If you were born in an even-numbered year, your license will expire at the end of your birth month in even-numbered years.
If you are born in an odd year then your first renewal will be in 2023. If you are born in an even year then your first renewal will be in 2022, except for those born in January which will renew in 2024.
Verify your license expiration date is accurate. Contact BOILicenseRenewal@scc.virginia.gov if you have any questions about your license renewal date.
Agents will be able to renew their licenses 90 days prior to the expiration date. The renewal fee will be $10 per line of authority.
Continuing Education Requirements for resident Consultants, Producers, & Public Adjusters are due at the time of renewal.
Licensed on or before January 1, 2021- You will have a minimum of 13 months from January 1, 2021 before your first renewal.
Licensed after January 1, 2021- You will have a minimum of 13 months from the date your license was issued before first renewal.
*Some license types require additional renewal requirements. Review these requirements below.
Reinstatements only apply to individual licenses. Individual licenses may be reinstated within twelve months from the renewal date due to non-renewal or failure to complete continuing education requirements.
In addition to the original renewal fee, a reinstatement fee that is double the renewal fee will be required. Renewal fee is $10 plus a $20 reinstatement fee per LOA.
Residents must complete all CE requirements before submitting a reinstatement.
Resident Producers and Consultants must reinstate through Sircon.
All others have the option to reinstate their licenses through Sircon or NIPR.
As part of the renewal, the licensee must certify that a $25,000 bond in favor of the Commonwealth and obtained from an insurance company licensed by the Commission will remain in force for as long as the license remains in effect. The surety bond number, effective date and the name of the insurer must be included on the renewal application. The Bureau does not require submission of the continuation certificate as a condition of renewal.
Must hold specific license authority to act as a SLB (or equivalent line of authority) in their home state or it will not be renewed.
Nonresidents are not required to submit a bond.
All Surplus Lines Brokers
If you renew your license but have not filed the Bureau of Insurance Maintenance Assessment Report and paid the Maintenance Assessment, your license will be administratively terminated. The Maintenance Assessment must be paid even if no Virginia business was transacted.