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SCC Bureau of Insurance recovers $14M for consumers in 2020 Published Saturday, Feb. 20, 2021, 1:57 pm Join AFP s 100,000+ followers on Facebook Purchase a subscription to AFP | Subscribe to AFP podcasts on iTunes News, press releases, letters to the editor: [email protected] Front Page » Government/Politics » SCC Bureau of Insurance recovers $14M for consumers in 2020 The State Corporation Commission Bureau of Insurance helped thousands of consumers recover approximately $14.3 million in refunds, benefits, restitution and other payments related to their insurance coverage in 2020. These efforts are only one of the many ways in which the Bureau assists Virginians who have insurance questions or concerns – whether those consumers are shopping for insurance, trying to understand what their insurance policy covers, have questions about premiums, or question why their insurance company did not renew a policy or why it denied a claim. ....
Licensing, Other Changes for Insurance Agents in Virginia to Take Effect Jan. 1 December 21, 2020 Changes in licensing, fees and continuing education due dates for insurance agents in Virginia will take effect January 1, 2021. These changes, as provided by Virginia law, have been in the works for more than two years and are among the biggest changes impacting Virginia insurance agent licensing in more than 30 years, according to a Virginia State Corporation Commission (SCC) press release. The SCC’s Bureau of Insurance is changing the duration of agent licenses from a perpetual basis to a biennial basis based on birth month and year. The changes will impact approximately 332,000 individuals and agencies holding 340,000 insurance agent licenses in Virginia. ....