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2018 Code of Virginia
Title 38.2 - Insurance
Chapter 13 - Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents
§ 38.2-1340. Revocation, suspension, or nonrenewal of insurer's license
Universal Citation: VA Code § 38.2-1340 (2018)
Whenever it appears to the Commission that any person has committed a violation of this article that makes the continued operation of a domestic insurer contrary to the interests of policyholders or the public, the Commission may, after giving notice and an opportunity to be heard, suspend, revoke or refuse to renew the insurer's license to do business in this Commonwealth for whatever period it finds is required for the protection of policyholders or the public. Any such action shall be supported by specific findings of fact and conclusions of law.
1977, c. 414, ยง 38.1-178.19; 1986, c. 562.
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