§ 65.2-822 Action by State Corporation Commission upon application
The State Corporation Commission may, if in its judgment it deems such action to be justified after reviewing all information pertaining to the applicant or policyholder available from its records, the records of the Workers’ Compensation Commission or from other sources:
2. Approve the rejection of an application by an insurance carrier;
3. Approve the cancellation of a workers’ compensation policy by an insurance carrier; or
4. Refuse to approve the renewal or the reassignment of an expiring policy.
History
The record of this law’s original creation isn’t available online. It has been modified 3 times. 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. Those modifications are as follows: in 1956, chapter 358; in 1968, chapter 660; in 1991, chapter 355.
Code 1950, § 65-114.3; 1956, c. 358; 1968, c. 660, § 65.1-121; 1991, c. 355.