{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1340.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1340.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1340.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1340.html"}],"law_id":71810,"edition_id":1,"section_id":71810,"structure_id":14592,"section_number":"38.2-1340","catch_line":"Revocation, suspension, or nonrenewal of insurer&#8217;s license","history":"1977, c. 414, \u00a7 38.1-178.19; 1986, c. 562.","full_text":"Whenever it appears to the Commission that any person has committed a violation of this article that makes the continued operation of a domestic insurer contrary to the interests of policyholders or the public, the Commission may, after giving notice and an opportunity to be heard, suspend, revoke or refuse to renew the insurer&#8217;s license to do business in this Commonwealth for whatever period it finds is required for the protection of policyholders or the public. Any such action shall be supported by specific findings of fact and conclusions of law.","order_by":null,"text":{"0":{"id":258705,"text":"Whenever it appears to the Commission that any person has committed a violation of this article that makes the continued operation of a domestic insurer contrary to the interests of policyholders or the public, the Commission may, after giving notice and an opportunity to be heard, suspend, revoke or refuse to renew the insurer&#8217;s license to do business in this Commonwealth for whatever period it finds is required for the protection of policyholders or the public. Any such action shall be supported by specific findings of fact and conclusions of law.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14592,"edition_id":1,"name":"Subsidiaries of Insurance Companies","identifier":"6","label":"article","depth":3,"order_by":1,"parent_id":13289,"metadata":{},"date_created":"2026-06-26 03:48:48","date_modified":"2026-06-26 03:48:48","permalink":{"id":211759,"object_type":"structure","relational_id":14592,"identifier":"6","token":"38.2\/13\/6","url":"\/38.2\/13\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13289,"edition_id":1,"name":"Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents","identifier":"13","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:44:35","date_modified":"2026-06-26 03:44:35","permalink":{"id":211347,"object_type":"structure","relational_id":13289,"identifier":"13","token":"38.2\/13","url":"\/38.2\/13\/","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":85446,"structure_id":14592,"section_number":"38.2-1335","catch_line":"Definitions","url":"\/38.2-1335\/","token":"38.2\/13\/6\/38.2-1335","metadata":false},{"id":84008,"structure_id":14592,"section_number":"38.2-1336","catch_line":"Subsidiaries of insurers","url":"\/38.2-1336\/","token":"38.2\/13\/6\/38.2-1336","metadata":false},{"id":79125,"structure_id":14592,"section_number":"38.2-1337","catch_line":"Disclaimer of control","url":"\/38.2-1337\/","token":"38.2\/13\/6\/38.2-1337","metadata":false},{"id":56094,"structure_id":14592,"section_number":"38.2-1338","catch_line":"Applicability","url":"\/38.2-1338\/","token":"38.2\/13\/6\/38.2-1338","metadata":false},{"id":57950,"structure_id":14592,"section_number":"38.2-1339","catch_line":"Exemptions","url":"\/38.2-1339\/","token":"38.2\/13\/6\/38.2-1339","metadata":false},{"id":71810,"structure_id":14592,"section_number":"38.2-1340","catch_line":"Revocation, suspension, or nonrenewal of insurer's license","url":"\/38.2-1340\/","token":"38.2\/13\/6\/38.2-1340","metadata":false}],"previous_section":{"id":57950,"structure_id":14592,"section_number":"38.2-1339","catch_line":"Exemptions","url":"\/38.2-1339\/","token":"38.2\/13\/6\/38.2-1339","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1340\/","history_text":"<p>This law was first created in 1977. The record of its establishment is cataloged in chapter 414 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1977 \u201cActs\u201d aren\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 1986, chapter 562.<\/p>","references":[{"id":65309,"section_number":"38.2-4123","catch_line":"Exemptions","order_by":null,"url":"\/38.2-4123\/"},{"id":55347,"section_number":"38.2-4214","catch_line":"Application of certain provisions of law","order_by":null,"url":"\/38.2-4214\/"}],"refers_to":false,"permalink":{"id":211781,"object_type":"law","relational_id":71810,"identifier":"38.2-1340","token":"38.2\/13\/6\/38.2-1340","url":"\/38.2-1340\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1340\/","token":"38.2\/13\/6\/38.2-1340","dublin_core":{"Title":"Revocation, suspension, or nonrenewal of insurer&#8217;s license","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1340","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Whenever it appears to the <span class=\"dictionary\">Commission<\/span> that any <span class=\"dictionary\">person<\/span> has committed a violation of this article that makes the continued operation of a domestic <span class=\"dictionary\">insurer<\/span> contrary to the interests of policyholders or the public, the <span class=\"dictionary\">Commission<\/span> may, after giving notice and an opportunity to be heard, suspend, revoke or refuse to renew the <span class=\"dictionary\">insurer<\/span>&#8217;s license to do business in this Commonwealth for whatever period it finds is required for the protection of policyholders or the public. Any such action shall be supported by specific <span class=\"dictionary\">findings<\/span> of <span class=\"dictionary\">fact<\/span> and conclusions of <span class=\"dictionary\">law<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nREVOCATION, SUSPENSION, OR NONRENEWAL OF INSURER&#8217;S LICENSE (\u00a7 38.2-1340)\n\nWhenever it appears to the Commission that any person has committed a violation\nof this article that makes the continued operation of a domestic insurer\ncontrary to the interests of policyholders or the public, the Commission may,\nafter giving notice and an opportunity to be heard, suspend, revoke or refuse to\nrenew the insurer&#8217;s license to do business in this Commonwealth for\nwhatever period it finds is required for the protection of policyholders or the\npublic. Any such action shall be supported by specific findings of fact and\nconclusions of law.\n\nHISTORY: 1977, c. 414, \u00a7 38.1-178.19; 1986, 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}}