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Virginia Administrative Code
Title 14. Insurance
Agency 5. State Corporation Commission, Bureau of Insurance
Chapter 290. Rules Establishing Standards for Companies Deemed to Be in Hazardous Financial Condition
11/21/2024

14VAC5-290-10. Purpose.

The purpose of this chapter is to set forth the standards that the commission may use for identifying insurers found to be in such condition as to render the continuance of their business hazardous to their policyholders, creditors, or the general public.

This chapter shall not be interpreted to limit the powers granted the commission by any laws or provisions of any law of this Commonwealth, nor shall this chapter be interpreted to supersede any laws or parts of laws of this Commonwealth.

Statutory Authority

§§ 12.1-13 and 38.2-223of the Code of Virginia.

Historical Notes

Derived from Regulation 42, Case No. INS910261, § 2, effective January 15, 1992; amended, Virginia Register Volume 26, Issue 6, eff. December 7, 2009.

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