VA| The Commonwealth of Virginia State Corporation Commission has issued an Assessment Order for Carriers and Surplus Lines Brokers regarding the annual assessment for the calendar year 2026 to support the Bureau of Insurance. This assessment applies to all companies and surplus lines brokers subject to Title 38.2 of the Code of Virginia, with specified exceptions, and sets the amount owed as the greater of $300 or 0.035% of direct gross premium income from Virginia business conducted in 2025.
- The assessment excludes premium finance companies and providers of continuing care covered under separate chapters of the Code.
- Notice of the assessment will be sent to all affected companies and brokers, per statutory requirements.