An agent does NOT need to notify the Bureau of Insurance of a?

In the context of Virginia Life Insurance laws, the notification requirements from an insurance agent to the Bureau of Insurance are focused on matters that may significantly affect the agent's ability to perform their duties or that could impact their licensure status.

Changing a financial status is generally considered a private matter and does not directly impact the agent's qualifications, licensure, or capacity to conduct business. The Bureau of Insurance typically requires notification of changes that could influence the trustworthiness or reliability of the agent to maintain their license, such as a change of address or a name change, which are important for maintaining accurate records and communications. Additionally, a felony conviction is a serious matter that would need to be reported because it could affect an individual's eligibility to hold an insurance license.

Thus, the correct answer indicates that while agents must report changes that could affect their professional standing, a change in financial status does not require such notification, as it does not inherently jeopardize the agent's licensing status or ability to function within the insurance industry.