{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/12.1-16.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/12.1-16.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/12.1-16.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/12.1-16.html"}],"law_id":65561,"edition_id":1,"section_id":65561,"structure_id":14330,"section_number":"12.1-16","catch_line":"Delegation to employees and agents; Commissioner of Financial Institutions and Commissioner of Insurance","history":"Code 1950, \u00a7 12-16; 1971, Ex. Sess., c. 157; 1978, c. 14.","full_text":"In the exercise of the powers and in the performance of the duties imposed by law upon the Commission with respect to insurance and banking, the Commission may delegate to such employees and agents as it may deem proper such powers and require of them, or any of them, the performance of such duties as it may deem proper. The employee or agent who is placed by the Commission at the head of the bureau or division through which it administers the banking laws shall be designated “Commissioner of Financial Institutions,” and the employee or agent who is placed by the Commission at the head of the bureau or division through which it administers the insurance laws shall be designated “Commissioner of Insurance,” and they and all deputies, agents, and employees used in such bureau or division shall be appointed by the Commission.","order_by":null,"text":{"0":{"id":238322,"text":"In the exercise of the powers and in the performance of the duties imposed by law upon the Commission with respect to insurance and banking, the Commission may delegate to such employees and agents as it may deem proper such powers and require of them, or any of them, the performance of such duties as it may deem proper. The employee or agent who is placed by the Commission at the head of the bureau or division through which it administers the banking laws shall be designated “Commissioner of Financial Institutions,” and the employee or agent who is placed by the Commission at the head of the bureau or division through which it administers the insurance laws shall be designated “Commissioner of Insurance,” and they and all deputies, agents, and employees used in such bureau or division shall be appointed by the Commission.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14330,"edition_id":1,"name":"Powers and Duties of the Commission","identifier":"3","label":"chapter","depth":2,"order_by":1,"parent_id":14329,"metadata":{},"date_created":"2026-06-26 03:47:46","date_modified":"2026-06-26 03:47:46","permalink":{"id":147339,"object_type":"structure","relational_id":14330,"identifier":"3","token":"12.1\/3","url":"\/12.1\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14329,"edition_id":1,"name":"State Corporation Commission","identifier":"12.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:47:46","date_modified":"2026-06-26 03:47:46","permalink":{"id":147285,"object_type":"structure","relational_id":14329,"identifier":"12.1","token":"12.1","url":"\/12.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":77048,"structure_id":14330,"section_number":"12.1-12","catch_line":"Powers and duties generally","url":"\/12.1-12\/","token":"12.1\/3\/12.1-12","metadata":false},{"id":82300,"structure_id":14330,"section_number":"12.1-13","catch_line":"Commission to have powers of court of record; rules and regulations; fines","url":"\/12.1-13\/","token":"12.1\/3\/12.1-13","metadata":false},{"id":78450,"structure_id":14330,"section_number":"12.1-14","catch_line":"Commission's power to impose penalties does not relieve from other penalties","url":"\/12.1-14\/","token":"12.1\/3\/12.1-14","metadata":false},{"id":55629,"structure_id":14330,"section_number":"12.1-15","catch_line":"Power to compromise and settle; power to waive penalties and charge off delinquent taxes, etc","url":"\/12.1-15\/","token":"12.1\/3\/12.1-15","metadata":false},{"id":75948,"structure_id":14330,"section_number":"12.1-15.1","catch_line":"Power to employ counsel for and indemnify employees","url":"\/12.1-15.1\/","token":"12.1\/3\/12.1-15.1","metadata":false},{"id":65561,"structure_id":14330,"section_number":"12.1-16","catch_line":"Delegation to employees and agents; Commissioner of Financial Institutions and Commissioner of Insurance","url":"\/12.1-16\/","token":"12.1\/3\/12.1-16","metadata":false},{"id":87147,"structure_id":14330,"section_number":"12.1-17","catch_line":"Deposits of funds; means of payment; dishonored payments; receipts for payment","url":"\/12.1-17\/","token":"12.1\/3\/12.1-17","metadata":false}],"previous_section":{"id":75948,"structure_id":14330,"section_number":"12.1-15.1","catch_line":"Power to employ counsel for and indemnify employees","url":"\/12.1-15.1\/","token":"12.1\/3\/12.1-15.1","metadata":false},"next_section":{"id":87147,"structure_id":14330,"section_number":"12.1-17","catch_line":"Deposits of funds; means of payment; dishonored payments; receipts for payment","url":"\/12.1-17\/","token":"12.1\/3\/12.1-17","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/12.1-16\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1978, chapter 14.<\/p>","references":false,"refers_to":false,"permalink":{"id":147361,"object_type":"law","relational_id":65561,"identifier":"12.1-16","token":"12.1\/3\/12.1-16","url":"\/12.1-16\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/12.1-16\/","token":"12.1\/3\/12.1-16","dublin_core":{"Title":"Delegation to employees and agents; Commissioner of Financial Institutions and Commissioner of Insurance","Type":"Text","Format":"text\/html","Identifier":"\u00a7 12.1-16","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

In the exercise of the powers and in the performance of the duties imposed by law<\/span> upon the Commission with respect to insurance and banking, the Commission may delegate to such employees and agents as it may deem proper such powers and require of them, or any of them, the performance of such duties as it may deem proper. The employee or agent who is placed by the Commission at the head of the bureau or division through which it administers the banking laws<\/span> shall be designated “Commissioner of Financial Institutions,” and the employee or agent who is placed by the Commission at the head of the bureau or division through which it administers the insurance laws<\/span> shall be designated “Commissioner of Insurance,” and they and all deputies, agents, and employees used in such bureau or division shall be appointed by the Commission.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDELEGATION TO EMPLOYEES AND AGENTS; COMMISSIONER OF FINANCIAL INSTITUTIONS AND\nCOMMISSIONER OF INSURANCE (\u00a7 12.1-16)\n\nIn the exercise of the powers and in the performance of the duties imposed by\nlaw upon the Commission with respect to insurance and banking, the Commission\nmay delegate to such employees and agents as it may deem proper such powers and\nrequire of them, or any of them, the performance of such duties as it may deem\nproper. The employee or agent who is placed by the Commission at the head of the\nbureau or division through which it administers the banking laws shall be\ndesignated “Commissioner of Financial Institutions,” and the\nemployee or agent who is placed by the Commission at the head of the bureau or\ndivision through which it administers the insurance laws shall be designated\n“Commissioner of Insurance,” and they and all deputies, agents, and\nemployees used in such bureau or division shall be appointed by the Commission.\n\nHISTORY: Code 1950, \u00a7 12-16; 1971, Ex. Sess., c. 157; 1978, c. 14.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}