§ 38.2-200. General powers of the Commission relative to insurance
A. The Commission is charged with the execution of all laws relating to insurance and insurers. All companies, domestic, foreign, and alien, transacting or licensed to transact the business of insurance in this Commonwealth are subject to inspection, supervision and regulation by the Commission.
B. All licenses granting the authority to transact the business of insurance in this Commonwealth shall be granted and issued by the Commission under its seal. The licenses shall be in addition to the certificates of authority required of foreign corporations under §§ 13.1-757 and 13.1-919.
(Code 1950, § 38-2; 1952, c. 317, § 38.1-29; 1986, c. 562.)
Sections: 38.2-200 38.2-201 38.2-202 38.2-203 38.2-204 38.2-205.1 38.2-206 38.2-207 38.2-208 38.2-209 38.2-210 38.2-211 38.2-212 38.2-213 38.2-214 NextLast modified: April 16, 2009