Overview of Licensure
For complete procedures and application forms visit Virginia Bureau of Insurance Website at
There are several types of insurance licenses issued by the Commonwealth of Virginia. Depending on what type of license the applicant is applying for, he or she may have to take an exam in addition to fulfilling other requirements. Virginia residents and nonresidents may also have different licensing requirements.
The Virginia State Corporation Commission is empowered to qualify those who wish to operate as insurance agents and consultants in Virginia through the Bureau of Insurance by Title 38.2, Chapter 18, of the Code of Virginia. Legislature has the authority to change these laws annually. In addition, administrative procedures may be changed at any time. All licensees are expected to be aware of changes in the law that affect their occupational practice.
The application for licensure should be submitted to the Bureau after all exam requirements (if any) have been met. Application instructions can be found in the exam provider’s candidate handbook: http://www.asisvcs.com/indhome.asp?CPCAT=1253INS
Your application materials, along with a current copy of your criminal history record report from the Virginia State Police, will be reviewed by the Bureau. Once the Bureau approves your application, you will receive a license and may solicit insurance of the type for which you have been licensed. All applicants will be notified in writing of the reason if the application is denied.
Resident Licensing Requirements
The qualifications to become a Virginia resident insurance agent are:
An applicant is considered to be a resident of Virginia if:
An applicant who lives outside of Virginia but whose principal place of business is in Virginia may be considered a resident for purposes of issuing a license if the applicant:
Securities License Requirements
Any securities professional associated with a member firm-including partners, officers, directors, branch managers, department supervisors, and salespersons-must register with the Financial Industry Regulatory Authority (FINRA). The registration application requires information about the individual's prior employment and disciplinary history. FINRA prescribes two levels of qualification and registration:
As part of the registration process, securities professionals must pass examinations administered by FINRA to demonstrate competence in the areas in which they will work. These mandatory qualification examinations cover a broad range of subjects on the markets, as well as the securities industry and its regulatory structure, ensuring a minimum level of understanding and expertise. For additional information, you should consult with your broker-dealer management team. You may also visit FINRA's website for detailed information.