{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-200.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-200.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-200.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-200.html"}],"law_id":84875,"edition_id":1,"section_id":84875,"structure_id":14221,"section_number":"38.2-200","catch_line":"General powers of the Commission relative to insurance","history":"Code 1950, \u00a7 38-2; 1952, c. 317, \u00a7 38.1-29; 1986, c. 562; 2021, Sp. Sess. I, c. 297.","full_text":"A\n\nThe Commission is charged with the execution of all laws relating to insurance and insurers. All companies, domestic, foreign, and alien, transacting or licensed to transact the business of insurance in this Commonwealth are subject to inspection, supervision and regulation by the Commission.B\n\nAll licenses granting the authority to transact the business of insurance in this Commonwealth shall be granted and issued by the Commission under its seal. The licenses shall be in addition to the certificates of authority required of foreign corporations under §§ 13.1-757 and 13.1-919.C\n\nDuring an emergency, public health or otherwise, which the Commission, in its discretion, determines may inhibit the Commission’s ability to issue or renew licenses and registrations under this title, or which may hinder licensees’ ability to meet licensure requirements, the Commission may temporarily suspend, authorize extensions of time for, or waive requirements for issuance or renewal of a license or registration under this title. The Commission may (i) issue temporary licenses and registrations, (ii) suspend examination requirements, or (iii) take other necessary measures to ensure that licensees and registrants under this title can continue to transact the business of insurance in the Commonwealth during the emergency.\n\t\t\tWhen temporarily suspending, authorizing extensions of time for, or waiving requirements for issuance or renewal of a license or registration pursuant to this subsection, the Commission shall issue an order specifying:1\n\nThe nature and basis of the emergency;2\n\nEach line of insurance business to which the order applies, if applicable;3\n\nThe requirements for temporary licensure or registration and other relief, if applicable;4\n\nThe requirements for issuance or renewal of licenses or registrations that the Commission is suspending, authorizing extensions of time for, or waiving; and5\n\nThe duration of the order, not to exceed 120 days unless renewed by the Commission.","order_by":null,"text":{"0":{"id":304090,"text":"The Commission is charged with the execution of all laws relating to insurance and insurers. All companies, domestic, foreign, and alien, transacting or licensed to transact the business of insurance in this Commonwealth are subject to inspection, supervision and regulation by the Commission.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":304091,"text":"All licenses granting the authority to transact the business of insurance in this Commonwealth shall be granted and issued by the Commission under its seal. The licenses shall be in addition to the certificates of authority required of foreign corporations under §§ 13.1-757 and 13.1-919.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":304092,"text":"During an emergency, public health or otherwise, which the Commission, in its discretion, determines may inhibit the Commission’s ability to issue or renew licenses and registrations under this title, or which may hinder licensees’ ability to meet licensure requirements, the Commission may temporarily suspend, authorize extensions of time for, or waive requirements for issuance or renewal of a license or registration under this title. The Commission may (i) issue temporary licenses and registrations, (ii) suspend examination requirements, or (iii) take other necessary measures to ensure that licensees and registrants under this title can continue to transact the business of insurance in the Commonwealth during the emergency.\n\t\t\tWhen temporarily suspending, authorizing extensions of time for, or waiving requirements for issuance or renewal of a license or registration pursuant to this subsection, the Commission shall issue an order specifying:","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"C1"},"3":{"id":304093,"text":"The nature and basis of the emergency;","type":"section","prefixes":["C","1"],"prefix":"1","entire_prefix":"C1","prefix_anchor":"C1","level":2,"prior_prefix":"C","next_prefix":"C2"},"4":{"id":304094,"text":"Each line of insurance business to which the order applies, if applicable;","type":"section","prefixes":["C","2"],"prefix":"2","entire_prefix":"C2","prefix_anchor":"C2","level":2,"prior_prefix":"C1","next_prefix":"C3"},"5":{"id":304095,"text":"The requirements for temporary licensure or registration and other relief, if applicable;","type":"section","prefixes":["C","3"],"prefix":"3","entire_prefix":"C3","prefix_anchor":"C3","level":2,"prior_prefix":"C2","next_prefix":"C4"},"6":{"id":304096,"text":"The requirements for issuance or renewal of licenses or registrations that the Commission is suspending, authorizing extensions of time for, or waiving; and","type":"section","prefixes":["C","4"],"prefix":"4","entire_prefix":"C4","prefix_anchor":"C4","level":2,"prior_prefix":"C3","next_prefix":"C5"},"7":{"id":304097,"text":"The duration of the order, not to exceed 120 days unless renewed by the Commission.","type":"section","prefixes":["C","5"],"prefix":"5","entire_prefix":"C5","prefix_anchor":"C5","level":2,"prior_prefix":"C4"}},"ancestry":[{"id":14221,"edition_id":1,"name":"Provisions of a General Nature","identifier":"2","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:47:20","date_modified":"2026-06-26 03:47:20","permalink":{"id":213095,"object_type":"structure","relational_id":14221,"identifier":"2","token":"38.2\/2","url":"\/38.2\/2\/","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":84875,"structure_id":14221,"section_number":"38.2-200","catch_line":"General powers of the Commission relative to insurance","url":"\/38.2-200\/","token":"38.2\/2\/38.2-200","metadata":false},{"id":70951,"structure_id":14221,"section_number":"38.2-201","catch_line":"Recommendations by Commission to General Assembly","url":"\/38.2-201\/","token":"38.2\/2\/38.2-201","metadata":false},{"id":71634,"structure_id":14221,"section_number":"38.2-202","catch_line":"Regulation of solicitation of proxies, consents and authorizations","url":"\/38.2-202\/","token":"38.2\/2\/38.2-202","metadata":false},{"id":66056,"structure_id":14221,"section_number":"38.2-203","catch_line":"Management and exclusive agency contracts subject to approval by Commission","url":"\/38.2-203\/","token":"38.2\/2\/38.2-203","metadata":false},{"id":86443,"structure_id":14221,"section_number":"38.2-204","catch_line":"Repealed","url":"\/38.2-204\/","token":"38.2\/2\/38.2-204","metadata":false},{"id":55426,"structure_id":14221,"section_number":"38.2-205.1","catch_line":"Temporary contracts of insurance permitted","url":"\/38.2-205.1\/","token":"38.2\/2\/38.2-205.1","metadata":false},{"id":77907,"structure_id":14221,"section_number":"38.2-206","catch_line":"Corporations as members of mutual insurers","url":"\/38.2-206\/","token":"38.2\/2\/38.2-206","metadata":false},{"id":78608,"structure_id":14221,"section_number":"38.2-207","catch_line":"Enforcement of right of subrogation in name of insured","url":"\/38.2-207\/","token":"38.2\/2\/38.2-207","metadata":false},{"id":66293,"structure_id":14221,"section_number":"38.2-208","catch_line":"Limitation of risks generally","url":"\/38.2-208\/","token":"38.2\/2\/38.2-208","metadata":false},{"id":71333,"structure_id":14221,"section_number":"38.2-209","catch_line":"Award of insured's attorney fees in certain cases","url":"\/38.2-209\/","token":"38.2\/2\/38.2-209","metadata":false},{"id":57078,"structure_id":14221,"section_number":"38.2-210","catch_line":"Loans to officers, directors, etc., prohibited","url":"\/38.2-210\/","token":"38.2\/2\/38.2-210","metadata":false},{"id":75678,"structure_id":14221,"section_number":"38.2-211","catch_line":"Other interests and payments to officers, directors, etc., prohibited","url":"\/38.2-211\/","token":"38.2\/2\/38.2-211","metadata":false},{"id":78879,"structure_id":14221,"section_number":"38.2-212","catch_line":"Certain compensation not prohibited","url":"\/38.2-212\/","token":"38.2\/2\/38.2-212","metadata":false},{"id":85199,"structure_id":14221,"section_number":"38.2-213","catch_line":"Violation of \u00a7 38.2-210 or \u00a7 38.2-211","url":"\/38.2-213\/","token":"38.2\/2\/38.2-213","metadata":false},{"id":74840,"structure_id":14221,"section_number":"38.2-214","catch_line":"Restrictions upon purchase and sale of equity securities of domestic stock insurers","url":"\/38.2-214\/","token":"38.2\/2\/38.2-214","metadata":false},{"id":64172,"structure_id":14221,"section_number":"38.2-215","catch_line":"Liability of president, chief executive officer or directors if insurance issued when insurer insolvent","url":"\/38.2-215\/","token":"38.2\/2\/38.2-215","metadata":false},{"id":66704,"structure_id":14221,"section_number":"38.2-216","catch_line":"Restrictions on removal or transfer of property and on reinsurance; penalty","url":"\/38.2-216\/","token":"38.2\/2\/38.2-216","metadata":false},{"id":81338,"structure_id":14221,"section_number":"38.2-217","catch_line":"When assets may not be distributed among stockholders","url":"\/38.2-217\/","token":"38.2\/2\/38.2-217","metadata":false},{"id":64490,"structure_id":14221,"section_number":"38.2-218","catch_line":"Penalties and restitution payments","url":"\/38.2-218\/","token":"38.2\/2\/38.2-218","metadata":false},{"id":73928,"structure_id":14221,"section_number":"38.2-219","catch_line":"Violations; procedure; cease and desist orders","url":"\/38.2-219\/","token":"38.2\/2\/38.2-219","metadata":false},{"id":63210,"structure_id":14221,"section_number":"38.2-220","catch_line":"Injunctions","url":"\/38.2-220\/","token":"38.2\/2\/38.2-220","metadata":false},{"id":78078,"structure_id":14221,"section_number":"38.2-221","catch_line":"Enforcement of penalties","url":"\/38.2-221\/","token":"38.2\/2\/38.2-221","metadata":false},{"id":86567,"structure_id":14221,"section_number":"38.2-221.1","catch_line":"Confidentiality of information","url":"\/38.2-221.1\/","token":"38.2\/2\/38.2-221.1","metadata":false},{"id":55819,"structure_id":14221,"section_number":"38.2-221.2","catch_line":"Treatment of confidential information pursuant to federal law","url":"\/38.2-221.2\/","token":"38.2\/2\/38.2-221.2","metadata":false},{"id":69354,"structure_id":14221,"section_number":"38.2-221.3","catch_line":"Confidentiality of applications and investigations","url":"\/38.2-221.3\/","token":"38.2\/2\/38.2-221.3","metadata":false},{"id":84985,"structure_id":14221,"section_number":"38.2-222","catch_line":"Appeals generally","url":"\/38.2-222\/","token":"38.2\/2\/38.2-222","metadata":false},{"id":87496,"structure_id":14221,"section_number":"38.2-223","catch_line":"Rules and regulations; orders","url":"\/38.2-223\/","token":"38.2\/2\/38.2-223","metadata":false},{"id":55846,"structure_id":14221,"section_number":"38.2-224","catch_line":"Procedures","url":"\/38.2-224\/","token":"38.2\/2\/38.2-224","metadata":false},{"id":59699,"structure_id":14221,"section_number":"38.2-225","catch_line":"Disposition of fines and penalties","url":"\/38.2-225\/","token":"38.2\/2\/38.2-225","metadata":false},{"id":81892,"structure_id":14221,"section_number":"38.2-226","catch_line":"Provisions of title not to apply to certain mutual aid associations","url":"\/38.2-226\/","token":"38.2\/2\/38.2-226","metadata":false},{"id":66567,"structure_id":14221,"section_number":"38.2-226.1","catch_line":"Expired","url":"\/38.2-226.1\/","token":"38.2\/2\/38.2-226.1","metadata":false},{"id":84770,"structure_id":14221,"section_number":"38.2-226.2","catch_line":"Provisions of title not applicable to certain long-term care health plans","url":"\/38.2-226.2\/","token":"38.2\/2\/38.2-226.2","metadata":false},{"id":84912,"structure_id":14221,"section_number":"38.2-226.3","catch_line":"Expired","url":"\/38.2-226.3\/","token":"38.2\/2\/38.2-226.3","metadata":false},{"id":62181,"structure_id":14221,"section_number":"38.2-227","catch_line":"Public policy regarding punitive damages","url":"\/38.2-227\/","token":"38.2\/2\/38.2-227","metadata":false},{"id":68082,"structure_id":14221,"section_number":"38.2-228","catch_line":"Proof of future financial responsibility","url":"\/38.2-228\/","token":"38.2\/2\/38.2-228","metadata":false},{"id":62523,"structure_id":14221,"section_number":"38.2-229","catch_line":"Immunity from liability","url":"\/38.2-229\/","token":"38.2\/2\/38.2-229","metadata":false},{"id":84512,"structure_id":14221,"section_number":"38.2-230","catch_line":"Distributions by nonstock corporation","url":"\/38.2-230\/","token":"38.2\/2\/38.2-230","metadata":false},{"id":69255,"structure_id":14221,"section_number":"38.2-231","catch_line":"Notice of cancellation, refusal to renew, reduction in coverage or increase in premium of certain liability insurance policies","url":"\/38.2-231\/","token":"38.2\/2\/38.2-231","metadata":false},{"id":82223,"structure_id":14221,"section_number":"38.2-232","catch_line":"Notice of lapse or pending lapse of certain life and accident and sickness insurance policies","url":"\/38.2-232\/","token":"38.2\/2\/38.2-232","metadata":false},{"id":84169,"structure_id":14221,"section_number":"38.2-233","catch_line":"Credit involuntary unemployment insurance; credit property insurance; disclosure and readability","url":"\/38.2-233\/","token":"38.2\/2\/38.2-233","metadata":false},{"id":57202,"structure_id":14221,"section_number":"38.2-234","catch_line":"Release of information","url":"\/38.2-234\/","token":"38.2\/2\/38.2-234","metadata":false},{"id":69385,"structure_id":14221,"section_number":"38.2-235","catch_line":"Liability insurance; carbon monoxide exclusions","url":"\/38.2-235\/","token":"38.2\/2\/38.2-235","metadata":false},{"id":80448,"structure_id":14221,"section_number":"38.2-236","catch_line":"Notice of settlement payment","url":"\/38.2-236\/","token":"38.2\/2\/38.2-236","metadata":false},{"id":83795,"structure_id":14221,"section_number":"38.2-237","catch_line":"Provider complaints","url":"\/38.2-237\/","token":"38.2\/2\/38.2-237","metadata":false}],"next_section":{"id":70951,"structure_id":14221,"section_number":"38.2-201","catch_line":"Recommendations by Commission to General Assembly","url":"\/38.2-201\/","token":"38.2\/2\/38.2-201","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-200\/","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":[{"id":61110,"section_number":"38.2-1334.10","catch_line":"Sanctions","order_by":null,"url":"\/38.2-1334.10\/"},{"id":74286,"section_number":"38.2-1334.17","catch_line":"Sanctions","order_by":null,"url":"\/38.2-1334.17\/"},{"id":56315,"section_number":"38.2-1834.1","catch_line":"Notification to Commission of termination; notice to agent; immunities; confidentiality; penalties","order_by":null,"url":"\/38.2-1834.1\/"},{"id":86567,"section_number":"38.2-221.1","catch_line":"Confidentiality of information","order_by":null,"url":"\/38.2-221.1\/"},{"id":67926,"section_number":"38.2-3445.05","catch_line":"Enforcement","order_by":null,"url":"\/38.2-3445.05\/"},{"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\/"},{"id":67952,"section_number":"38.2-4319","catch_line":"Statutory construction and relationship to other laws","order_by":null,"url":"\/38.2-4319\/"},{"id":60078,"section_number":"38.2-4408","catch_line":"Application of certain provisions","order_by":null,"url":"\/38.2-4408\/"},{"id":62548,"section_number":"38.2-4509","catch_line":"Application of certain laws","order_by":null,"url":"\/38.2-4509\/"},{"id":77046,"section_number":"38.2-515","catch_line":"Power of Commission","order_by":null,"url":"\/38.2-515\/"},{"id":76418,"section_number":"38.2-517","catch_line":"Unfair settlement practices; replacement and repair; penalty","order_by":null,"url":"\/38.2-517\/"}],"refers_to":[{"id":79833,"section_number":"13.1-757","catch_line":"Authority to transact business required","order_by":null,"url":"\/13.1-757\/"}],"permalink":{"id":213097,"object_type":"law","relational_id":84875,"identifier":"38.2-200","token":"38.2\/2\/38.2-200","url":"\/38.2-200\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-200\/","token":"38.2\/2\/38.2-200","dublin_core":{"Title":"General powers of the Commission relative to insurance","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-200","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Commission<\/span> is charged with the execution of all laws<\/span> relating to insurance<\/span> and insurers<\/span>. All companies, domestic, foreign, and alien, transacting or licensed to transact the business of insurance<\/span> in this Commonwealth are subject to inspection, supervision and regulation by the Commission<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> All licenses granting the authority to transact the business of insurance<\/span> in this Commonwealth shall be granted and issued by the Commission<\/span> under its seal. The licenses shall be in addition to the certificates of authority required of foreign corporations under §§ 13.1-757<\/a> and 13.1-919<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> During an emergency, public health or otherwise, which the Commission<\/span>, in its discretion, determines may inhibit the Commission<\/span>’s ability to issue<\/span> or renew licenses and registrations under this title, or which may hinder licensees’ ability to meet licensure requirements, the Commission<\/span> may temporarily suspend, authorize extensions of time for, or waive<\/span> requirements for issuance or renewal of a license or registration under this title. The Commission<\/span> may (i) issue<\/span> temporary licenses and registrations, (ii) suspend examination requirements, or (iii) take other necessary measures to ensure that licensees and registrants under this title can continue to transact the business of insurance<\/span> in the Commonwealth during the emergency.\n\t\t\tWhen temporarily suspending, authorizing extensions of time for, or waiving requirements for issuance or renewal of a license or registration pursuant to this subsection, the Commission<\/span> shall issue<\/span> an order<\/span> specifying: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The nature and basis of the emergency; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Each line of insurance<\/span> business to which the order<\/span> applies, if applicable; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> The requirements for temporary licensure or registration and other relief, if applicable; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> The requirements for issuance or renewal of licenses or registrations that the Commission<\/span> is suspending, authorizing extensions of time for, or waiving; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> The duration of the order<\/span>, not to exceed 120 days unless renewed by the Commission<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nGENERAL POWERS OF THE COMMISSION RELATIVE TO INSURANCE (\u00a7 38.2-200)\n\nA. The Commission is charged with the execution of all laws relating to\ninsurance and insurers. All companies, domestic, foreign, and alien, transacting\nor licensed to transact the business of insurance in this Commonwealth are\nsubject to inspection, supervision and regulation by the Commission.\n\nB. All licenses granting the authority to transact the business of insurance in\nthis Commonwealth shall be granted and issued by the Commission under its seal.\nThe licenses shall be in addition to the certificates of authority required of\nforeign corporations under §§ 13.1-757 and 13.1-919.\n\nC. During an emergency, public health or otherwise, which the Commission, in its\ndiscretion, determines may inhibit the Commission’s ability to issue or\nrenew licenses and registrations under this title, or which may hinder\nlicensees’ ability to meet licensure requirements, the Commission may\ntemporarily suspend, authorize extensions of time for, or waive requirements for\nissuance or renewal of a license or registration under this title. The\nCommission may (i) issue temporary licenses and registrations, (ii) suspend\nexamination requirements, or (iii) take other necessary measures to ensure that\nlicensees and registrants under this title can continue to transact the business\nof insurance in the Commonwealth during the emergency.\n\t\t\tWhen temporarily suspending, authorizing extensions of time for, or waiving\nrequirements for issuance or renewal of a license or registration pursuant to\nthis subsection, the Commission shall issue an order specifying:\n\n 1. The nature and basis of the emergency;\n\n 2. Each line of insurance business to which the order applies, if applicable;\n\n 3. The requirements for temporary licensure or registration and other relief,\n if applicable;\n\n 4. The requirements for issuance or renewal of licenses or registrations that\n the Commission is suspending, authorizing extensions of time for, or waiving;\n and\n\n 5. The duration of the order, not to exceed 120 days unless renewed by the\n Commission.\n\nHISTORY: Code 1950, \u00a7 38-2; 1952, c. 317, \u00a7 38.1-29; 1986, c. 562; 2021, Sp.\nSess. I, c. 297.","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}}