{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1041.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1041.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1041.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1041.html"}],"law_id":86001,"edition_id":1,"section_id":86001,"structure_id":15153,"section_number":"38.2-1041","catch_line":"Notice to company of proposed suspension or revocation","history":"Code 1950, \u00a7\u00a7 38-132, 38-169, 38-370; 1952, c. 317, \u00a7 38.1-100; 1986, c. 562.","full_text":"The Commission shall not revoke or suspend the license of any insurer to do the business of insurance in this Commonwealth upon any of the grounds set out in \u00a7 38.2-1040 until it has given the insurer ten days’ notice of the reasons for the proposed revocation or suspension and has given the insurer an opportunity to introduce evidence and be heard. However, the Commission may immediately suspend the license on any of the grounds specified in subdivisions 7 and 8 of subsection A of \u00a7 38.2-1040 without prior notice to the insurer. The suspension shall remain in force until the hearing is held. Any hearing authorized by this section may be informal, and the required notice may be waived by the Commission and the insurer.","order_by":null,"text":{"0":{"id":308008,"text":"The Commission shall not revoke or suspend the license of any insurer to do the business of insurance in this Commonwealth upon any of the grounds set out in \u00a7 38.2-1040 until it has given the insurer ten days’ notice of the reasons for the proposed revocation or suspension and has given the insurer an opportunity to introduce evidence and be heard. However, the Commission may immediately suspend the license on any of the grounds specified in subdivisions 7 and 8 of subsection A of \u00a7 38.2-1040 without prior notice to the insurer. The suspension shall remain in force until the hearing is held. Any hearing authorized by this section may be informal, and the required notice may be waived by the Commission and the insurer.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15153,"edition_id":1,"name":"Refusal, Suspension or Revocation of Insurer's License","identifier":"6","label":"article","depth":3,"order_by":1,"parent_id":12858,"metadata":{},"date_created":"2026-06-26 03:52:34","date_modified":"2026-06-26 03:52:34","permalink":{"id":211091,"object_type":"structure","relational_id":15153,"identifier":"6","token":"38.2\/10\/6","url":"\/38.2\/10\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12858,"edition_id":1,"name":"Organization, Admission and Licensing of Insurers","identifier":"10","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:43:57","date_modified":"2026-06-26 03:43:57","permalink":{"id":210851,"object_type":"structure","relational_id":12858,"identifier":"10","token":"38.2\/10","url":"\/38.2\/10\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":71497,"structure_id":15153,"section_number":"38.2-1040","catch_line":"Refusal, suspension or revocation of license","url":"\/38.2-1040\/","token":"38.2\/10\/6\/38.2-1040","metadata":false},{"id":86001,"structure_id":15153,"section_number":"38.2-1041","catch_line":"Notice to company of proposed suspension or revocation","url":"\/38.2-1041\/","token":"38.2\/10\/6\/38.2-1041","metadata":false},{"id":57725,"structure_id":15153,"section_number":"38.2-1042","catch_line":"Agent's authority likewise suspended or revoked","url":"\/38.2-1042\/","token":"38.2\/10\/6\/38.2-1042","metadata":false},{"id":80028,"structure_id":15153,"section_number":"38.2-1043","catch_line":"Suspension or revocation published","url":"\/38.2-1043\/","token":"38.2\/10\/6\/38.2-1043","metadata":false},{"id":72878,"structure_id":15153,"section_number":"38.2-1044","catch_line":"New business prohibited","url":"\/38.2-1044\/","token":"38.2\/10\/6\/38.2-1044","metadata":false}],"previous_section":{"id":71497,"structure_id":15153,"section_number":"38.2-1040","catch_line":"Refusal, suspension or revocation of license","url":"\/38.2-1040\/","token":"38.2\/10\/6\/38.2-1040","metadata":false},"next_section":{"id":57725,"structure_id":15153,"section_number":"38.2-1042","catch_line":"Agent's authority likewise suspended or revoked","url":"\/38.2-1042\/","token":"38.2\/10\/6\/38.2-1042","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1041\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. 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. Those modifications are as follows: in 1952, chapter 317; in 1986, chapter 562.<\/p>","references":false,"refers_to":[{"id":71497,"section_number":"38.2-1040","catch_line":"Refusal, suspension or revocation of license","order_by":null,"url":"\/38.2-1040\/"}],"permalink":{"id":211097,"object_type":"law","relational_id":86001,"identifier":"38.2-1041","token":"38.2\/10\/6\/38.2-1041","url":"\/38.2-1041\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1041\/","token":"38.2\/10\/6\/38.2-1041","dublin_core":{"Title":"Notice to company of proposed suspension or revocation","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1041","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Commission<\/span> shall not revoke or suspend the license of any insurer<\/span> to do the business of insurance<\/span> in this Commonwealth upon any of the grounds set out in \u00a7 38.2-1040<\/a> until it has given the insurer<\/span> ten days’ notice of the reasons for the proposed revocation<\/span> or suspension and has given the insurer<\/span> an opportunity to introduce evidence<\/span> and be heard. However, the Commission<\/span> may immediately suspend the license on any of the grounds specified in subdivisions 7 and 8 of subsection A of \u00a7 38.2-1040<\/a> without prior notice to the insurer<\/span>. The suspension shall remain in force until the hearing<\/span> is held. Any hearing<\/span> authorized by this section may be informal, and the required notice may be waived by the Commission<\/span> and the insurer<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nNOTICE TO COMPANY OF PROPOSED SUSPENSION OR REVOCATION (\u00a7 38.2-1041)\n\nThe Commission shall not revoke or suspend the license of any insurer to do the\nbusiness of insurance in this Commonwealth upon any of the grounds set out in \u00a7\n38.2-1040 until it has given the insurer ten days’ notice of the reasons\nfor the proposed revocation or suspension and has given the insurer an\nopportunity to introduce evidence and be heard. However, the Commission may\nimmediately suspend the license on any of the grounds specified in subdivisions\n7 and 8 of subsection A of \u00a7 38.2-1040 without prior notice to the insurer. The\nsuspension shall remain in force until the hearing is held. Any hearing\nauthorized by this section may be informal, and the required notice may be\nwaived by the Commission and the insurer.\n\nHISTORY: Code 1950, \u00a7\u00a7 38-132, 38-169, 38-370; 1952, c. 317, \u00a7 38.1-100;\n1986, c. 562.","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}}