Code of Virginia - Title 38.2 Insurance - Chapter 2 Provisions Of A General Nature

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 ...

38.2-201 Recommendations by Commission to General Assembly
The Commission shall make any recommendations to the General Assembly necessary for legislation governing and regulating the classes of companies placed under its supervision by ...

38.2-202 Regulation of solicitation of proxies, consents and authorizations
The Commission may adopt any rules and regulations regarding the voting equity securities of any domestic stock insurer. These rules and regulations shall cover (i) ...

38.2-203 Management and exclusive agency contracts subject to approval by Commission
A. For the purpose of this section, an insurer shall mean a stock or mutual insurer, cooperative nonprofit life benefit company, mutual assessment life, accident ...

38.2-204 , 38.2-205
Repealed by Acts 1991, c. 620. ...

38.2-205.1 Temporary contracts of insurance permitted
A lender engaged in making or servicing real estate mortgage or deed of trust loans on one to four family residences shall accept as evidence ...

38.2-206 Corporations as members of mutual insurers
Any public or private corporation in this Commonwealth or elsewhere may apply and enter into agreements for, hold policies in, and be a member of ...

38.2-207 Enforcement of right of subrogation in name of insured
Except for contracts or plans subject to § 38.2-3405 or § 38.2-2209, when any insurer pays an insured under a contract of insurance which provides ...

38.2-208 Limitation of risks generally
A. Except as otherwise provided in this title, no insurer transacting business in this Commonwealth shall expose itself to any loss on any one risk ...

38.2-209 Award of insured's attorney fees in certain cases
A. Notwithstanding any provision of law to the contrary, in any civil case in which an insured individual sues his insurer to determine what coverage, ...

38.2-210 Loans to officers, directors, etc., prohibited
A. Except as provided in § 38.2-212, no insurer, legal services plan, health services plan, dental or optometric services plan, health maintenance organization, or home ...

38.2-211 Other interests and payments to officers, directors, etc., prohibited
Except as provided in § 38.2-212, no officer or director of any company listed in § 38.2-210 and transacting business in this Commonwealth shall receive, ...

38.2-212 Certain compensation not prohibited
A. Nothing contained in §§ 38.2-210 and 38.2-211 shall prohibit any officer or director of any company listed in § 38.2-210 from receiving usual compensation ...

38.2-213 Violation of { 38.2-210 or { 38.2-211
Any company, officer or director violating any provision of § 38.2-210 or § 38.2-211 shall be guilty upon conviction of a Class 1 misdemeanor. Any ...

38.2-214 Restrictions upon purchase and sale of equity securities of domestic stock insurers
A. Each person who is directly or indirectly the beneficial owner of more than ten percent of a class of any equity security of a ...

38.2-215 Liability of president, chief executive officer or directors if insurance issued when insurer insol...
If any insurer is insolvent, and the president, chief executive officer or directors with knowledge of insolvency make or agree to further insurance, they shall ...

38.2-216 Restrictions on removal or transfer of property and on reinsurance; penalty
A. No domestic insurer shall remove from this Commonwealth either all or substantially all of its property or business without the written approval of the ...

38.2-217 When assets may not be distributed among stockholders
No domestic insurer shall distribute its assets among its stockholders until all risks have expired or have been cancelled, or have been replaced by the ...

38.2-218 Penalties and restitution payments
A. Any person who knowingly or willfully violates any provision of this title or any regulation issued pursuant to this title shall be punished for ...

38.2-219 Violations; procedure; cease and desist orders
A. Whenever the Commission has reason to believe that any person has committed a violation of this title or of any rule, regulation, or order ...

38.2-220 Injunctions
The Commission shall have the jurisdiction and powers of a court of equity to issue temporary and permanent injunctions restraining acts which violate or attempt ...

38.2-221 Enforcement of penalties
The Commission may impose, enter judgment for, and enforce any civil penalty or other penalty pronounced against any person for violating any of the provisions ...

38.2-221.1 Confidentiality of information
Whenever, during the course of a market conduct examination pursuant to Article 4 (§ 38.2-1317 et seq.) of Chapter 13 or inspection request or inquiry ...

38.2-221.2 Treatment of confidential information pursuant to federal law
A. Any information denominated in writing as confidential by a federal regulator and received by the Commission pursuant to the Gramm-Leach-Bliley Act of 1999 (Public ...

38.2-222 Appeals generally
Except as otherwise specifically provided in this title, § 12.1-39 shall apply to the appeal of any final (i) finding, (ii) decision settling the substantive ...

38.2-223 Rules and regulations; orders
The Commission, after notice and opportunity for all interested parties to be heard, may issue any rules and regulations necessary or appropriate for the administration ...

38.2-224 Procedures
Except as otherwise specifically provided in this title, Chapter 5 (§ 12.1-25 et seq.) of Title 12.1 shall apply to proceedings under this title. (1986, ...

38.2-225 Disposition of fines and penalties
A. All fines recovered for criminal violations of this title or for criminal violations of rules, regulations, or orders issued pursuant to this title shall ...

38.2-226 Provisions of title not to apply to certain mutual aid associations
This title shall not apply to beneficial, relief, or mutual aid societies, or partnerships, plans, associations, or corporations, established prior to 1935 and formed by ...

38.2-226.1 Description unavailable
Expired. ...

38.2-226.2 Provisions of title not applicable to certain long-term care health plans
A. This title shall not apply to pre-PACE long-term care health plans (i) authorized by the United States Health Care Financing Administration pursuant to § ...

38.2-226.3 Description unavailable
Expired. ...

38.2-227 Public policy regarding punitive damages
It is not against the public policy of the Commonwealth for any person to purchase insurance providing coverage for punitive damages arising out of the ...

38.2-228 Proof of future financial responsibility
At the request of a named insured, a licensed property and casualty insurer shall provide without unreasonable delay to the Commissioner of the Department of ...

38.2-229 Immunity from liability
A. There shall be no liability on the part of and no cause of action against any person for furnishing in good faith to the ...

38.2-230 Distributions by nonstock corporation
No dividend or distribution of income, as used in § 13.1-814, shall be made to a member corporation of a corporation licensed under the provisions ...

38.2-231 Notice of cancellation, refusal to renew, reduction in coverage or increase in premium of certain l...
A. 1. No cancellation or refusal to renew by an insurer of (i) a policy of insurance as defined in § 38.2-117 or 38.2-118 insuring ...

38.2-232 Notice of lapse or pending lapse of certain life and accident and sickness insurance policie...
Every insurer, health services plan, or health care plan that issues a policy, contract, or plan of insurance or annuity as defined in §§ 38.2-102 ...

38.2-233 Credit involuntary unemployment insurance; credit property insurance; disclosure and readabilit...
A. If a creditor makes available to the debtors more than one plan of credit involuntary unemployment insurance as defined in § 38.2-122.1, or more ...

38.2-234 Release of information
Notwithstanding the provisions of subdivision 5 of § 2.2-3802, the Commission may share information with databases developed by the National Association of Insurance Commissioners (NAIC) ...

38.2-235 Liability insurance; carbon monoxide exclusions
No policy of insurance furnishing personal injury liability or property damage liability coverage as defined in §§ 38.2-117 and 38.2-118, including any endorsements thereto, shall ...