§ 38.2-2607. Annual statements
On or before March 1 of each year, each home protection company shall file with the Commission its annual statement pursuant to the provisions of § 38.2-1300, in the form prescribed by the Commission. The annual statement may be based on accounting principles common to the home protection business, provided that they enable the Commission to ascertain whether the reserves required by § 38.2-2606 have been established. However, the Commission may prescribe a uniform accounting system to be used by home protection companies. The Commission may also require the uniform reporting of statistical information under a plan prescribed or approved by the Commission.
(1981, c. 530, § 38.1-937; 1986, c. 562.)
Sections: Previous 38.2-2600 38.2-2601 38.2-2602 38.2-2603 38.2-2604 38.2-2605 38.2-2606 38.2-2607 38.2-2608 38.2-2609 38.2-2610 38.2-2611 38.2-2612 38.2-2613 38.2-2614 NextLast modified: April 16, 2009