A. No person shall deliver or issue for delivery in this Commonwealth a subscription contract without a license issued by the Commission. Each nonstock corporation shall apply for a license and furnish any relevant information the Commission requires. Each license shall expire at midnight on the following June 30. Application for a license shall be accompanied by a nonrefundable application fee of $500.
B. The Commission may refuse to issue or renew a license to a nonstock corporation if it is not satisfied that the financial condition, the method of operation, and the manner of doing business of the nonstock corporation enable it to meet its contractual obligations to all subscribers and that the nonstock corporation has otherwise complied with all the requirements of law.
Code 1950, § 32-195.11; 1956, c. 268, § 38.1-825; 1978, c. 4; 1979, c. 721; 1980, c. 682; 1986, c. 562; 1987, cc. 565, 655; 1988, c. 185; 1994, c. 503.
Structure Code of Virginia
Chapter 42 - Health Services Plans
§ 38.2-4200. Applicability of chapter
§ 38.2-4202. Hospital services plans
§ 38.2-4203. Medical or surgical services plans
§ 38.2-4204. Merger of nonstock corporations
§ 38.2-4205. Dental and optometric services
§ 38.2-4206. Nonstock corporation required
§ 38.2-4207. Existing foreign nonstock corporation
§ 38.2-4208. Nonstock corporation not required to act as agent
§ 38.2-4209. Preferred provider subscription contracts
§ 38.2-4209.1. Pharmacies; freedom of choice
§ 38.2-4210. Liability of participants
§ 38.2-4211. Change of participants
§ 38.2-4212. Board of directors of nonstock corporation operating plan
§ 38.2-4213. Liability of participating providers upon merger of nonstock corporation
§ 38.2-4214. (Contingent expiration date - see notes) Application of certain provisions of law
§ 38.2-4214. (Contingent effective date - see notes) Application of certain provisions of law
§ 38.2-4214.1. Rehabilitation, liquidation, conservation
§ 38.2-4215. Payments by nonstock corporation
§ 38.2-4218. Subscriber to have free choice of medical practitioners available
§ 38.2-4219. Subscriber to be advised in writing as to benefits and limitations thereon
§ 38.2-4220. Interplan arrangements
§ 38.2-4221. Services of certain practitioners other than physicians to be covered
§ 38.2-4222. Licensing of nonstock corporations
§ 38.2-4223. Renewal of license
§ 38.2-4224. Licensing of agents
§ 38.2-4227. Misleading applications or contracts
§ 38.2-4228. Controversies involving subscription contracts
§ 38.2-4229.1. Conversion to domestic mutual insurer
§ 38.2-4229.2. Hearings and investigations on effect of other state's law
§ 38.2-4231. Registration of nonstock corporations that are members of holding company system
§ 38.2-4233. Commission approval required for certain transactions
§ 38.2-4235. Confidential treatment of information and documents