§ 38.2-1340. Revocation, suspension, or nonrenewal of insurer's license
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, § 38.1-178.19; 1986, c. 562.)
Insurer Act Sections: Previous 38.2-1334.1 38.2-1334.2 38.2-1335 38.2-1336 38.2-1337 38.2-1338 38.2-1339 38.2-1340 38.2-1341 38.2-1342 38.2-1343 38.2-1344 38.2-1345 38.2-1346 38.2-1347 NextLast modified: April 3, 2009