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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>82872</law_id><section_number>38.2-1327</section_number><catch_line>Time for hearing; order of Commission</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>38.2-1328</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="13">Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents</unit><unit label="article" level="3" order_by="1" identifier="5">Insurance Holding Companies</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> Any <span class="dictionary">hearing</span> held pursuant to &#xA7; <a class="law" title="Approval by Commission" href="/38.2-1326/">38.2-1326</a> shall begin within 40 days of the date the application is filed with the <span class="dictionary">Commission</span>. In approving any application filed pursuant to &#xA7; <a class="law" title="Acquisition of control of insurers" href="/38.2-1323/">38.2-1323</a>, the <span class="dictionary">Commission</span> may include in its <span class="dictionary">order</span> any conditions, <span class="dictionary">stipulations</span>, or provisions that the <span class="dictionary">Commission</span> determines to be necessary to protect the interests of the policyholders of the <span class="dictionary">insurer</span> and the public. <a id="paragraph-297053" class="section-permalink" href="https://vacode.org/38.2-1327/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The <span class="dictionary">Commission</span> may retain at the <span class="dictionary">acquiring person</span>&#x2019;s expense any attorneys, actuaries, accountants, and other experts not otherwise a part of the <span class="dictionary">Commission</span>&#x2019;s staff as may be reasonably necessary to assist the <span class="dictionary">Commission</span> in reviewing the proposed acquisition of control. <a id="paragraph-297054" class="section-permalink" href="https://vacode.org/38.2-1327/#B"><i class="fa fa-link"/></a></p></section></text><history>1977, c. 414, &#xA7; 38.1-178.1:6; 1986, c. 562; 2014, c. 309.</history><metadata></metadata></law>
