§ 6.2-1621 Filing of written report with Commissioner; events affecting activities of licensee
A. A licensee shall file a written report with the Commissioner within 15 days of becoming aware of the occurrence of any of the following:
1. The filing for bankruptcy or reorganization by the licensee;
2. The institution of revocation or suspension proceedings against the licensee by any state or governmental authority;
3. The denial of the opportunity of the licensee to engage in business by any state or governmental authority;
4. Any felony indictment of the licensee or any of its employees, officers, directors, or principals;
5. Any felony conviction of the licensee or any of its employees, officers, directors, or principals; and
6. Such other events as the Commissioner may determine and identify by regulation.
B. The report shall be in writing and describe the event and its expected impact on the activities of the licensee in the Commonwealth.
History
This law was first created in 2003. The record of its establishment is cataloged in chapter 386 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 2010, chapter 794.
2003, c. 386, § 6.1-425.2; 2010, c. 794.