 |
Virginia Administrative Code (Last Updated: January 10, 2017) |
 |
Title 14. Insurance |
|
Agency 5. State Corporation Commission, Bureau of Insurance |
|
Chapter 270. Rules Governing Annual Financial Reporting |
Section 150. Exemptions
-
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.
Historical Notes
Derived from Regulation 39, Case No. INS910072, § 16, eff. September 1, 1991; amended, Volume 24, Issue 12, eff. January 1, 2010.