                                 CODE OF VIRGINIA

DELEGATION TO EMPLOYEES AND AGENTS; COMMISSIONER OF FINANCIAL INSTITUTIONS AND
COMMISSIONER OF INSURANCE (§ 12.1-16)

In the exercise of the powers and in the performance of the duties imposed by
law upon the Commission with respect to insurance and banking, the Commission
may delegate to such employees and agents as it may deem proper such powers and
require of them, or any of them, the performance of such duties as it may deem
proper. The employee or agent who is placed by the Commission at the head of the
bureau or division through which it administers the banking laws shall be
designated &#8220;Commissioner of Financial Institutions,&#8221; and the
employee or agent who is placed by the Commission at the head of the bureau or
division through which it administers the insurance laws shall be designated
&#8220;Commissioner of Insurance,&#8221; and they and all deputies, agents, and
employees used in such bureau or division shall be appointed by the Commission.

HISTORY: Code 1950, § 12-16; 1971, Ex. Sess., c. 157; 1978, c. 14.