Virginia Administrative Code
Title 14 - INSURANCE
Agency 5 - STATE CORPORATION COMMISSION, BUREAU OF INSURANCE
Chapter 270 - RULES GOVERNING ANNUAL FINANCIAL REPORTING
Section 14VAC5-270-150 - Exemptions
Universal Citation: 4 VA Admin Code 5-270-150
Current through Register Vol. 41, No. 3, September 23, 2024
Upon written application of an insurer, the commission may grant an exemption from any provision and/or requirement of this chapter if the commission finds, upon review of the application, that compliance with this chapter would constitute an undue financial or organizational hardship upon the insurer. An exemption may be granted at any time and from time to time for a specified period or periods. Upon written application of an insurer, the commission may, for a specified period or periods, permit an insurer to file annual Audited Financial Reports on some basis other than a calendar year basis.
Statutory Authority
§§ 12.1-13 and 38.2-223 of the Code of Virginia.
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