{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-4925.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-4925.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-4925.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-4925.html"}],"law_id":71371,"edition_id":1,"section_id":71371,"structure_id":15595,"section_number":"38.2-4925","catch_line":"Financial instability","history":"2012, cc. 208, 303.","full_text":"The Commission may act as authorized by \u00a7 38.2-4931 to protect residents, prospective residents, participants, or prospective participants when the Commission determines that:\n\n1\n\nA provider has been or will be unable to meet the pro forma income or cash flow projections previously filed by the provider and such failure may endanger the ability of the provider to perform fully its obligation pursuant to its continuing care contracts or community-based continuing care contracts; or2\n\nA provider is bankrupt, insolvent, under reorganization pursuant to federal bankruptcy laws, or in imminent danger of becoming bankrupt or insolvent.","order_by":null,"text":{"0":{"id":257332,"text":"The Commission may act as authorized by \u00a7 38.2-4931 to protect residents, prospective residents, participants, or prospective participants when the Commission determines that:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":257333,"text":"A provider has been or will be unable to meet the pro forma income or cash flow projections previously filed by the provider and such failure may endanger the ability of the provider to perform fully its obligation pursuant to its continuing care contracts or community-based continuing care contracts; or","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":257334,"text":"A provider is bankrupt, insolvent, under reorganization pursuant to federal bankruptcy laws, or in imminent danger of becoming bankrupt or insolvent.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1"}},"ancestry":[{"id":15595,"edition_id":1,"name":"General Provisions","identifier":"3","label":"article","depth":3,"order_by":1,"parent_id":14288,"metadata":{},"date_created":"2026-06-26 03:56:40","date_modified":"2026-06-26 03:56:40","permalink":{"id":217437,"object_type":"structure","relational_id":15595,"identifier":"3","token":"38.2\/49\/3","url":"\/38.2\/49\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14288,"edition_id":1,"name":"Continuing Care Providers and Community-Based Continuing Care Providers","identifier":"49","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:47:37","date_modified":"2026-06-26 03:47:37","permalink":{"id":217355,"object_type":"structure","relational_id":14288,"identifier":"49","token":"38.2\/49","url":"\/38.2\/49\/","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":67207,"structure_id":15595,"section_number":"38.2-4924","catch_line":"Sale or transfer of ownership or change in management","url":"\/38.2-4924\/","token":"38.2\/49\/3\/38.2-4924","metadata":false},{"id":71371,"structure_id":15595,"section_number":"38.2-4925","catch_line":"Financial instability","url":"\/38.2-4925\/","token":"38.2\/49\/3\/38.2-4925","metadata":false},{"id":73058,"structure_id":15595,"section_number":"38.2-4926","catch_line":"Waivers","url":"\/38.2-4926\/","token":"38.2\/49\/3\/38.2-4926","metadata":false},{"id":70964,"structure_id":15595,"section_number":"38.2-4927","catch_line":"Untrue, deceptive, or misleading advertising","url":"\/38.2-4927\/","token":"38.2\/49\/3\/38.2-4927","metadata":false},{"id":71210,"structure_id":15595,"section_number":"38.2-4928","catch_line":"Civil liability","url":"\/38.2-4928\/","token":"38.2\/49\/3\/38.2-4928","metadata":false},{"id":87047,"structure_id":15595,"section_number":"38.2-4929","catch_line":"Regulations","url":"\/38.2-4929\/","token":"38.2\/49\/3\/38.2-4929","metadata":false},{"id":59516,"structure_id":15595,"section_number":"38.2-4930","catch_line":"Investigations and subpoenas","url":"\/38.2-4930\/","token":"38.2\/49\/3\/38.2-4930","metadata":false},{"id":61444,"structure_id":15595,"section_number":"38.2-4931","catch_line":"Cease and desist orders; injunctions","url":"\/38.2-4931\/","token":"38.2\/49\/3\/38.2-4931","metadata":false},{"id":78060,"structure_id":15595,"section_number":"38.2-4932","catch_line":"Penalties","url":"\/38.2-4932\/","token":"38.2\/49\/3\/38.2-4932","metadata":false}],"previous_section":{"id":67207,"structure_id":15595,"section_number":"38.2-4924","catch_line":"Sale or transfer of ownership or change in management","url":"\/38.2-4924\/","token":"38.2\/49\/3\/38.2-4924","metadata":false},"next_section":{"id":73058,"structure_id":15595,"section_number":"38.2-4926","catch_line":"Waivers","url":"\/38.2-4926\/","token":"38.2\/49\/3\/38.2-4926","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-4925\/","history_text":"

This law was first created in 2012. The record of its establishment is cataloged in chapters 208<\/a> and 303<\/a> 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.<\/p>","references":false,"refers_to":[{"id":61444,"section_number":"38.2-4931","catch_line":"Cease and desist orders; injunctions","order_by":null,"url":"\/38.2-4931\/"}],"permalink":{"id":217443,"object_type":"law","relational_id":71371,"identifier":"38.2-4925","token":"38.2\/49\/3\/38.2-4925","url":"\/38.2-4925\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-4925\/","token":"38.2\/49\/3\/38.2-4925","dublin_core":{"Title":"Financial instability","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-4925","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Commission<\/span> may act as authorized by \u00a7 38.2-4931<\/a> to protect residents, prospective residents, participants, or prospective participants when the Commission<\/span> determines that:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> A provider has been or will be unable to meet the pro forma income or cash flow projections previously filed by the provider and such failure may endanger the ability of the provider to perform fully its obligation pursuant to its continuing care contracts<\/span> or community-based continuing care contracts<\/span>; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> A provider is bankrupt, insolvent, under reorganization pursuant to federal bankruptcy<\/span> laws<\/span>, or in imminent danger of becoming bankrupt or insolvent. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFINANCIAL INSTABILITY (\u00a7 38.2-4925)\n\nThe Commission may act as authorized by \u00a7 38.2-4931 to protect residents,\nprospective residents, participants, or prospective participants when the\nCommission determines that:\n\n1. A provider has been or will be unable to meet the pro forma income or cash\nflow projections previously filed by the provider and such failure may endanger\nthe ability of the provider to perform fully its obligation pursuant to its\ncontinuing care contracts or community-based continuing care contracts; or\n\n2. A provider is bankrupt, insolvent, under reorganization pursuant to federal\nbankruptcy laws, or in imminent danger of becoming bankrupt or insolvent.\n\nHISTORY: 2012, cc. 208, 303.","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}}