Section 40. Application of regulations

All regulations shall be applied collectively, to the extent relevant, in connection with specific determinations made by the division or the State Corporation Commission in the course of administering the Act. The captions of these regulations are for convenience only. Should there be a conflict between the caption and the text of a regulation, the text will control.

Because regulations and forms cannot adequately anticipate all potential application requirements, the failure to satisfy all regulatory standards of the State Corporation Commission will not necessarily foreclose the possibility of a favorable disposition of a matter pending before the State Corporation Commission, and similarly will not necessarily preclude an unfavorable disposition if the specific characteristics and circumstances so warrant.

Historical Notes

Derived from Volume 14, Issue 22, eff. July 1, 1998.

Statutory Authority

§§ 12.1-13 and 59.1-92.19 of the Code of Virginia.