§ 38.2-4413. Licensing of organization
A. No person shall operate a legal services plan in this Commonwealth without a license issued by the Commission. Each organization shall apply for a license and furnish any relevant information the Commission requires. Each license shall expire at midnight on the following June 30. A nonrefundable application fee of $500 shall be paid with each application for a license.
B. The Commission shall not issue to or renew a license of an organization unless it is satisfied that the financial condition, the method of operation, and the manner of doing business of the organization enable it to meet its contractual obligations to all subscribers and that the organization has otherwise complied with all the requirements of law.
(1978, c. 658, § 38.1-802; 1986, c. 562.)
Sections: Previous 38.2-4405 38.2-4406 38.2-4407 38.2-4408 38.2-4408.1 38.2-4409 38.2-4410 38.2-4411 38.2-4412 38.2-4413 38.2-4414 38.2-4415 38.2-4416 38.2-4417 38.2-4418 NextLast modified: April 3, 2009