{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-404.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-404.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-404.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-404.html"}],"law_id":59580,"edition_id":1,"section_id":59580,"structure_id":15198,"section_number":"38.2-404","catch_line":"Recovery of such assessments; revocation or suspension of license","history":"Code 1950, \u00a7 38-19; 1952, c. 317, \u00a7 38.1-46; 1978, c. 4; 1986, c. 562.","full_text":"If an assessment made under \u00a7 38.2-403 is not paid to the Commission by the prescribed date, the amount of the assessment, penalty, and interest may be recovered from the defaulting company on motion of the Commission made in the name and for the use of the Commonwealth in the appropriate circuit court after ten days’ notice to the company. The license or certificate of authority of any defaulting company to transact business in this Commonwealth may be revoked or suspended by the Commission until it has paid such assessment.","order_by":null,"text":{"0":{"id":218252,"text":"If an assessment made under \u00a7 38.2-403 is not paid to the Commission by the prescribed date, the amount of the assessment, penalty, and interest may be recovered from the defaulting company on motion of the Commission made in the name and for the use of the Commonwealth in the appropriate circuit court after ten days’ notice to the company. The license or certificate of authority of any defaulting company to transact business in this Commonwealth may be revoked or suspended by the Commission until it has paid such assessment.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15198,"edition_id":1,"name":"Assessment for Administration of Insurance Laws and Declarations of Estimated Assessments by Insurers","identifier":"4","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:52:54","date_modified":"2026-06-26 03:52:54","permalink":{"id":216339,"object_type":"structure","relational_id":15198,"identifier":"4","token":"38.2\/4","url":"\/38.2\/4\/","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":57860,"structure_id":15198,"section_number":"38.2-400","catch_line":"Expense of administration of insurance laws borne by licensees; minimum contribution","url":"\/38.2-400\/","token":"38.2\/4\/38.2-400","metadata":false},{"id":76092,"structure_id":15198,"section_number":"38.2-401","catch_line":"(Effective July 1, 2026) Fire Programs Fund","url":"\/38.2-401\/","token":"38.2\/4\/38.2-401","metadata":false},{"id":64176,"structure_id":15198,"section_number":"38.2-401.1","catch_line":"Dam Safety, Flood Prevention and Protection Assistance Fund assessment","url":"\/38.2-401.1\/","token":"38.2\/4\/38.2-401.1","metadata":false},{"id":77505,"structure_id":15198,"section_number":"38.2-402","catch_line":"Definitions","url":"\/38.2-402\/","token":"38.2\/4\/38.2-402","metadata":false},{"id":65532,"structure_id":15198,"section_number":"38.2-403","catch_line":"Assessment for expenses","url":"\/38.2-403\/","token":"38.2\/4\/38.2-403","metadata":false},{"id":75388,"structure_id":15198,"section_number":"38.2-403.1","catch_line":"Omitted assessments","url":"\/38.2-403.1\/","token":"38.2\/4\/38.2-403.1","metadata":false},{"id":59580,"structure_id":15198,"section_number":"38.2-404","catch_line":"Recovery of such assessments; revocation or suspension of license","url":"\/38.2-404\/","token":"38.2\/4\/38.2-404","metadata":false},{"id":73951,"structure_id":15198,"section_number":"38.2-405","catch_line":"Application for correction of assessment","url":"\/38.2-405\/","token":"38.2\/4\/38.2-405","metadata":false},{"id":69572,"structure_id":15198,"section_number":"38.2-406","catch_line":"Report of gross premium income","url":"\/38.2-406\/","token":"38.2\/4\/38.2-406","metadata":false},{"id":76137,"structure_id":15198,"section_number":"38.2-407","catch_line":"Repealed","url":"\/38.2-407\/","token":"38.2\/4\/38.2-407","metadata":false},{"id":79634,"structure_id":15198,"section_number":"38.2-412","catch_line":"Companies going out of business","url":"\/38.2-412\/","token":"38.2\/4\/38.2-412","metadata":false},{"id":80377,"structure_id":15198,"section_number":"38.2-413","catch_line":"Double assessment respecting same direct gross premium income negated","url":"\/38.2-413\/","token":"38.2\/4\/38.2-413","metadata":false},{"id":66062,"structure_id":15198,"section_number":"38.2-414","catch_line":"Assessments to fund program to reduce losses from motor vehicle thefts","url":"\/38.2-414\/","token":"38.2\/4\/38.2-414","metadata":false},{"id":61655,"structure_id":15198,"section_number":"38.2-415","catch_line":"Assessment to fund program to reduce losses from insurance fraud","url":"\/38.2-415\/","token":"38.2\/4\/38.2-415","metadata":false}],"previous_section":{"id":75388,"structure_id":15198,"section_number":"38.2-403.1","catch_line":"Omitted assessments","url":"\/38.2-403.1\/","token":"38.2\/4\/38.2-403.1","metadata":false},"next_section":{"id":73951,"structure_id":15198,"section_number":"38.2-405","catch_line":"Application for correction of assessment","url":"\/38.2-405\/","token":"38.2\/4\/38.2-405","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-404\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 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 1978, chapter 4; in 1986, chapter 562.<\/p>","references":false,"refers_to":[{"id":65532,"section_number":"38.2-403","catch_line":"Assessment for expenses","order_by":null,"url":"\/38.2-403\/"}],"permalink":{"id":216365,"object_type":"law","relational_id":59580,"identifier":"38.2-404","token":"38.2\/4\/38.2-404","url":"\/38.2-404\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-404\/","token":"38.2\/4\/38.2-404","dublin_core":{"Title":"Recovery of such assessments; revocation or suspension of license","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-404","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

If an assessment made under \u00a7 38.2-403<\/a> is not paid to the Commission<\/span> by the prescribed date, the amount of the assessment, penalty<\/span>, and interest may be recovered from the defaulting company<\/span> on motion<\/span> of the Commission<\/span> made in the name and for the use of the Commonwealth in the appropriate circuit<\/span> court<\/span> after ten days’ notice to the company<\/span>. The license or certificate of authority of any defaulting company<\/span> to transact business in this Commonwealth may be revoked or suspended by the Commission<\/span> until it has paid such assessment.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nRECOVERY OF SUCH ASSESSMENTS; REVOCATION OR SUSPENSION OF LICENSE (\u00a7 38.2-404)\n\nIf an assessment made under \u00a7 38.2-403 is not paid to the Commission by the\nprescribed date, the amount of the assessment, penalty, and interest may be\nrecovered from the defaulting company on motion of the Commission made in the\nname and for the use of the Commonwealth in the appropriate circuit court after\nten days’ notice to the company. The license or certificate of authority\nof any defaulting company to transact business in this Commonwealth may be\nrevoked or suspended by the Commission until it has paid such assessment.\n\nHISTORY: Code 1950, \u00a7 38-19; 1952, c. 317, \u00a7 38.1-46; 1978, c. 4; 1986, c.\n562.","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}}