Virginia Administrative Code
Title 14 - INSURANCE
Agency 5 - STATE CORPORATION COMMISSION, BUREAU OF INSURANCE
Chapter 390 - RULES GOVERNING INSURANCE PREMIUM FINANCE COMPANIES
Section 14VAC5-390-50 - Surety bond
Universal Citation: 4 VA Admin Code 5-390-50
Current through Register Vol. 41, No. 3, September 23, 2024
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.
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