Code of Virginia § 38.2-4704. Suspension, revocation or failure to renew license; imposition of penalty.
115 words·~1 min read·
/va/title-38-2/chapter-47/38-2-4704A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Commission may suspend, revoke or refuse to renew a license of any insurance premium finance company 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 or regulation made by the Commission pursuant to this chapter, or
(iii)violated or failed to comply with any order, demand, ruling, provision or requirement of the Commission lawfully made pursuant to or within the authority of this chapter; or
2. The licensee no longer meets the standards required for the initial issuance of a license.
1964, c. 147, § 38.1-739; 1986, c. 562.