                                 CODE OF VIRGINIA

LICENSING OF RATE SERVICE ORGANIZATIONS (§ 38.2-1914)

A. A rate service organization applying for a license as required by §
38.2-1913 shall include with its application:

   1. A copy of its constitution, charter, articles of organization, agreement,
   association or incorporation, and a copy of its bylaws, plan of operation and
   any other rules or regulations governing the conduct of its business;

   2. A list of its members and subscribers;

   3. The name and address of one or more residents of this Commonwealth upon
   whom notices, process affecting it or orders of the Commission may be served;

   4. A statement showing its technical qualifications for acting in the capacity
   for which it seeks a license; and

   5. Any other relevant information and documents that the Commission may
   require.

B. Each organization which has applied for a license under subsection A of this
section shall promptly notify the Commission of every material change in the
facts or in the documents on which its application was based.

C. If the Commission finds that the applicant and the natural persons through
whom it acts are competent, trustworthy, and technically qualified to provide
the services proposed, and that all requirements of law have been met, the
Commission shall issue a license specifying the authorized activity of the
applicant.

D. Licenses issued under subsection C of this section shall remain in effect
until the licensee withdraws from the Commonwealth or until the license is
suspended or revoked.

E. Any amendment to a document filed under subdivision 1 of subsection A of this
section shall be filed promptly after it becomes effective. Failure to comply
with this subsection shall be a ground for revocation of the license granted
under subsection C of this section.

HISTORY: 1973, c. 504, § 38.1-279.42; 1986, c. 562.