                                 CODE OF VIRGINIA

ANNUAL STATEMENTS (§ 38.2-2607)

On or before March 1 of each year, each home protection company shall file with
the Commission its annual statement pursuant to the provisions of § 38.2-1300,
in the form prescribed by the Commission. The annual statement may be based on
accounting principles common to the home protection business, provided that they
enable the Commission to ascertain whether the reserves required by § 38.2-2606
have been established. However, the Commission may prescribe a uniform
accounting system to be used by home protection companies. The Commission may
also require the uniform reporting of statistical information under a plan
prescribed or approved by the Commission.

HISTORY: 1981, c. 530, § 38.1-937; 1986, c. 562.