Code of Virginia § 38.2-1355. Examination authority.
105 words·~1 min read·
/va/title-38-2/chapter-13/38-2-1355A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. A reinsurance intermediary shall be subject to examination by the Commission. The Commission shall have reasonable access to all books, bank accounts and records of the reinsurance intermediary in a form usable to the Commission.
B. A reinsurance intermediary manager may be examined, pursuant to Article 4 (§ 38.2-1317 et seq.) of this chapter, as if it were the reinsurer. In addition, the reinsurance intermediary shall be subject to examination pursuant to § 38.2-1809 if it or any of its officers, directors, agents, or employees is licensed as a producer under Chapter 18 (§ 38.2-1800 et seq.) of this title.
2001, c. 706 .