Code of Virginia § 38.2-614. Powers of Commission.
132 words·~1 min read·
/va/title-38-2/chapter-6/38-2-614A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. The Commission shall have the power to examine and investigate the affairs of any insurance institution or agent doing business in the Commonwealth to determine whether the insurance institution or agent has been or is engaged in any conduct in violation of this article.
B. The Commission shall have the power to examine and investigate the affairs of any insurance-support organization that acts on behalf of an insurance institution or agent and that either
(i)transacts business in the Commonwealth, or
(ii)transacts business outside the Commonwealth and has an effect on a person residing in the Commonwealth, in order to determine whether the insurance-support organization has been or is engaged in any conduct in violation of this article.
1981, c. 389, § 38.1-57.17; 1986, c. 562; 2020, c. 264 .