{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-2710.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-2710.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-2710.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-2710.html"}],"law_id":80031,"edition_id":1,"section_id":80031,"structure_id":13727,"section_number":"38.2-2710","catch_line":"Supervision and regulation by Commission","history":"1968, c. 559, \u00a7 38.1-752; 1986, c. 562; 1995, c. 60.","full_text":"The residual market facility, any inspection service, and any joint underwriting association shall at all times be subject to the supervision and regulation of the Commission. The Commission, or any person designated by it, shall have the power:\n\n1\n\nTo visit and examine the operations of the residual market facility, any inspection service, and any joint underwriting association;2\n\nTo examine directors, officers, agents, employees, or any other person having knowledge of those operations;3\n\nTo summon and qualify witnesses under oath and, pursuant to these powers, to have free access to all books, records, files, papers and documents that relate to those operations; and4\n\nTo require that the association file annually a financial report that is approved by the board of directors and prepared in a form prescribed by the Commission. Unless the Commission provides otherwise, the report shall be filed within 120 days after the end of each fiscal year and shall be for the preceding twelve months.","order_by":null,"text":{"0":{"id":286617,"text":"The residual market facility, any inspection service, and any joint underwriting association shall at all times be subject to the supervision and regulation of the Commission. The Commission, or any person designated by it, shall have the power:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":286618,"text":"To visit and examine the operations of the residual market facility, any inspection service, and any joint underwriting association;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":286619,"text":"To examine directors, officers, agents, employees, or any other person having knowledge of those operations;","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":286620,"text":"To summon and qualify witnesses under oath and, pursuant to these powers, to have free access to all books, records, files, papers and documents that relate to those operations; and","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"4":{"id":286621,"text":"To require that the association file annually a financial report that is approved by the board of directors and prepared in a form prescribed by the Commission. Unless the Commission provides otherwise, the report shall be filed within 120 days after the end of each fiscal year and shall be for the preceding twelve months.","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3"}},"ancestry":[{"id":13727,"edition_id":1,"name":"Basic Property Insurance Residual Market Facility and Joint Underwriting Association","identifier":"27","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:45:41","date_modified":"2026-06-26 03:45:41","permalink":{"id":214021,"object_type":"structure","relational_id":13727,"identifier":"27","token":"38.2\/27","url":"\/38.2\/27\/","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":76295,"structure_id":13727,"section_number":"38.2-2700","catch_line":"Purposes of chapter","url":"\/38.2-2700\/","token":"38.2\/27\/38.2-2700","metadata":false},{"id":70510,"structure_id":13727,"section_number":"38.2-2701","catch_line":"Definitions","url":"\/38.2-2701\/","token":"38.2\/27\/38.2-2701","metadata":false},{"id":73266,"structure_id":13727,"section_number":"38.2-2702","catch_line":"Establishment of residual market facility","url":"\/38.2-2702\/","token":"38.2\/27\/38.2-2702","metadata":false},{"id":54721,"structure_id":13727,"section_number":"38.2-2703","catch_line":"Rules, rates, policy forms and endorsements subject to the approval of Commission","url":"\/38.2-2703\/","token":"38.2\/27\/38.2-2703","metadata":false},{"id":57901,"structure_id":13727,"section_number":"38.2-2704","catch_line":"Inspection of property","url":"\/38.2-2704\/","token":"38.2\/27\/38.2-2704","metadata":false},{"id":71280,"structure_id":13727,"section_number":"38.2-2705","catch_line":"Operation of inspection service","url":"\/38.2-2705\/","token":"38.2\/27\/38.2-2705","metadata":false},{"id":66385,"structure_id":13727,"section_number":"38.2-2706","catch_line":"Service of process","url":"\/38.2-2706\/","token":"38.2\/27\/38.2-2706","metadata":false},{"id":58816,"structure_id":13727,"section_number":"38.2-2707","catch_line":"When Commission may order implementation of \u00a7\u00a7 38.2-2708 and 38.2-2709","url":"\/38.2-2707\/","token":"38.2\/27\/38.2-2707","metadata":false},{"id":85005,"structure_id":13727,"section_number":"38.2-2708","catch_line":"Creation and plan of operation of joint underwriting association","url":"\/38.2-2708\/","token":"38.2\/27\/38.2-2708","metadata":false},{"id":81180,"structure_id":13727,"section_number":"38.2-2709","catch_line":"Ceding basic property insurance to association; participation of members; governing body","url":"\/38.2-2709\/","token":"38.2\/27\/38.2-2709","metadata":false},{"id":80031,"structure_id":13727,"section_number":"38.2-2710","catch_line":"Supervision and regulation by Commission","url":"\/38.2-2710\/","token":"38.2\/27\/38.2-2710","metadata":false},{"id":71397,"structure_id":13727,"section_number":"38.2-2711","catch_line":"Immunity from liability; reports, etc., not public documents","url":"\/38.2-2711\/","token":"38.2\/27\/38.2-2711","metadata":false},{"id":60783,"structure_id":13727,"section_number":"38.2-2712","catch_line":"Appeal from decision of inspection service, residual market facility or joint underwriting association","url":"\/38.2-2712\/","token":"38.2\/27\/38.2-2712","metadata":false},{"id":81221,"structure_id":13727,"section_number":"38.2-2713","catch_line":"Obligations not to be impaired in event of repeal of chapter","url":"\/38.2-2713\/","token":"38.2\/27\/38.2-2713","metadata":false}],"previous_section":{"id":81180,"structure_id":13727,"section_number":"38.2-2709","catch_line":"Ceding basic property insurance to association; participation of members; governing body","url":"\/38.2-2709\/","token":"38.2\/27\/38.2-2709","metadata":false},"next_section":{"id":71397,"structure_id":13727,"section_number":"38.2-2711","catch_line":"Immunity from liability; reports, etc., not public documents","url":"\/38.2-2711\/","token":"38.2\/27\/38.2-2711","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-2710\/","history_text":"

This law was first created in 1968. The record of its establishment is cataloged in chapter 559 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 1968 \u201cActs\u201d aren\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 1986, chapter 562; in 1995, chapter 60<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":214063,"object_type":"law","relational_id":80031,"identifier":"38.2-2710","token":"38.2\/27\/38.2-2710","url":"\/38.2-2710\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-2710\/","token":"38.2\/27\/38.2-2710","dublin_core":{"Title":"Supervision and regulation by Commission","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-2710","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The residual market facility<\/span>, any inspection service<\/span>, and any joint underwriting association shall at all times be subject to the supervision and regulation of the Commission<\/span>. The Commission<\/span>, or any person<\/span> designated by it, shall have the power:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> To visit and examine the operations of the residual market facility<\/span>, any inspection service<\/span>, and any joint underwriting association; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> To examine directors, officers, agents, employees, or any other person<\/span> having knowledge of those operations; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> To summon and qualify witnesses under oath<\/span> and, pursuant to these powers, to have free access to all books, records, files, papers and documents that relate to those operations; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> To require that the association file annually a financial report that is approved by the board of directors and prepared in a form prescribed by the Commission<\/span>. Unless the Commission<\/span> provides otherwise, the report shall be filed within 120 days after the end of each fiscal year and shall be for the preceding twelve months. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSUPERVISION AND REGULATION BY COMMISSION (\u00a7 38.2-2710)\n\nThe residual market facility, any inspection service, and any joint underwriting\nassociation shall at all times be subject to the supervision and regulation of\nthe Commission. The Commission, or any person designated by it, shall have the\npower:\n\n1. To visit and examine the operations of the residual market facility, any\ninspection service, and any joint underwriting association;\n\n2. To examine directors, officers, agents, employees, or any other person having\nknowledge of those operations;\n\n3. To summon and qualify witnesses under oath and, pursuant to these powers, to\nhave free access to all books, records, files, papers and documents that relate\nto those operations; and\n\n4. To require that the association file annually a financial report that is\napproved by the board of directors and prepared in a form prescribed by the\nCommission. Unless the Commission provides otherwise, the report shall be filed\nwithin 120 days after the end of each fiscal year and shall be for the preceding\ntwelve months.\n\nHISTORY: 1968, c. 559, \u00a7 38.1-752; 1986, c. 562; 1995, c. 60.","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}}