                                 CODE OF VIRGINIA

SUSPENSION, REVOCATION OR FAILURE TO RENEW LICENSE; IMPOSITION OF PENALTY (§
38.2-4704)

The Commission may suspend, revoke or refuse to renew a license of any insurance
premium finance company whenever it finds that:

1. The licensee has (i) failed to pay the annual license fee, (ii) violated or
failed to comply with any of the provisions of this chapter or with any rule or
regulation made by the Commission pursuant to this chapter, or (iii) violated or
failed to comply with any order, demand, ruling, provision or requirement of the
Commission lawfully made pursuant to or within the authority of this chapter; or

2. The licensee no longer meets the standards required for the initial issuance
of a license.

HISTORY: 1964, c. 147, § 38.1-739; 1986, c. 562.