2014 Virginia Code
Title 13.1 - Corporations
§ 13.1-400.5. Suspension, revocation or failure to renew license; fine for violations

A. The Commission may suspend, revoke or refuse to renew a license of any automobile club whenever it finds that:

1. The licensee has (i) failed to pay the annual license fee; (ii) violated or failed to comply with any of the provisions of this chapter or with any rule, regulation, order, demand, ruling, provision or requirement of the Commission lawfully made pursuant to or within the authority of this chapter; or (iii) violated or failed to comply with any applicable provisions of Chapter 18 (§ 38.2-1800 et seq.) of Title 38.2 or with any rule or regulation made by the Commission pursuant to any applicable provisions of that chapter; or

2. The licensee no longer meets the standards required for the initial issuance of a license.

B. In addition, the Commission may, after notice and hearing, punish violations of this chapter or of applicable provisions of Chapter 18 (§ 38.2-1800 et seq.) of Title 38.2 by a licensed automobile club or a licensed agent of such club by a fine of not more than $1,000, by revocation of the license of such agent or club, or by both fine and revocation.

Code 1950, § 46-550; 1956, Ex. Sess., c. 55; 1958, c. 244; 1998, c. 16.