Administrative Code

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Virginia Administrative Code
Title 14. Insurance
Agency 5. State Corporation Commission, Bureau Of Insurance
Chapter 390. Rules Governing Insurance Premium Finance Companies

14VAC5-390-50. Surety bond.

No application will be considered unless the applicant files with the Commission a bond in the amount of $50,000 dollars in the form prescribed by and with a corporate surety acceptable to the Commission and conditioned to protect its customers and the public in the manner prescribed by law. This bond must remain in effect at all times.

Statutory Authority

§ 38.2-4700 et seq. of the Code of Virginia.

Historical Notes

Derived from Regulation 6, Case No. INS890007, § 5, eff. September 1, 1989.

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