Administrative Code

Creating a Report: Check the sections you'd like to appear in the report, then use the "Create Report" button at the bottom of the page to generate your report. Once the report is generated you'll then have the option to download it as a pdf, print or email the report.

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

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.

Website addresses provided in the Virginia Administrative Code to documents incorporated by reference are for the reader's convenience only, may not necessarily be active or current, and should not be relied upon. To ensure the information incorporated by reference is accurate, the reader is encouraged to use the source document described in the regulation.

As a service to the public, the Virginia Administrative Code is provided online by the Virginia General Assembly. We are unable to answer legal questions or respond to requests for legal advice, including application of law to specific fact. To understand and protect your legal rights, you should consult an attorney.