                                 CODE OF VIRGINIA

RECOVERY OF SUCH ASSESSMENTS; REVOCATION OR SUSPENSION OF LICENSE (§ 38.2-404)

If an assessment made under § 38.2-403 is not paid to the Commission by the
prescribed date, the amount of the assessment, penalty, and interest may be
recovered from the defaulting company on motion of the Commission made in the
name and for the use of the Commonwealth in the appropriate circuit court after
ten days&#8217; notice to the company. The license or certificate of authority
of any defaulting company to transact business in this Commonwealth may be
revoked or suspended by the Commission until it has paid such assessment.

HISTORY: Code 1950, § 38-19; 1952, c. 317, § 38.1-46; 1978, c. 4; 1986, c.
562.