VA | The purpose of this notice is to advise that the Virginia Bureau of Insurance (“Bureau”) is revising its notification process to insurance companies when appointments are terminated due to an action taken by the Bureau such as when an insurance license is withdrawn, terminated, or non-renewed. Currently Appointment Action notices are sent via first-class postal mail to the insurance company’s mailing address of record. Effective July 1, 2018, the Bureau will email Appointment Action notifications to the same Appointment Billing contact on file with the Bureau used to send Appointment Billing Invoices.
To receive Appointment Action notices and Appointment Billing Invoices, insurance companies must keep their Appointment Billing Address contact information updated and can do so electronically through the Company Address Change Service portal. On the Online Services page select “Company” then “Company Address Change Service”. Companies can access the portal by entering the company’s NAIC or license number and Personal Identification Number (“PIN”). You can identify your PIN Contact by selecting ‘Need PIN?’ within the Company Address Change Service portal. If a PIN # needs to be requested or resent, please send a request to BOIPIN@scc.virginia.gov.
Insurance companies that do not have an email address associated with their Appointment Billing Address contact information will still receive their Appointment Action notices through postal mail.