A. No person shall operate a legal services plan in this Commonwealth without a license issued by the Commission. Each organization shall apply for a license and furnish any relevant information the Commission requires. Each license shall expire at midnight on the following June 30. A nonrefundable application fee of $500 shall be paid with each application for a license.
B. The Commission shall not issue to or renew a license of an organization unless it is satisfied that the financial condition, the method of operation, and the manner of doing business of the organization enable it to meet its contractual obligations to all subscribers and that the organization has otherwise complied with all the requirements of law.
1978, c. 658, § 38.1-802; 1986, c. 562.
Structure Code of Virginia
Chapter 44 - Legal Services Plans
§ 38.2-4401. Certain contracts, etc., not deemed plans
§ 38.2-4402.1. Corporate organization required
§ 38.2-4403. The Virginia State Bar may sponsor plans
§ 38.2-4404. Liability of participating providers
§ 38.2-4405. Change of participating providers
§ 38.2-4406. Board of directors of corporation operating plan
§ 38.2-4407. Board of directors of plan created by attorneys
§ 38.2-4408. Application of certain provisions
§ 38.2-4408.1. Rehabilitation, liquidation, conservation
§ 38.2-4409. Payments under plan
§ 38.2-4410. Financial reports
§ 38.2-4411. Subscriber to have free choice of participating providers available
§ 38.2-4412. Subscriber to be advised in writing as to benefits and limitations thereon
§ 38.2-4413. Licensing of organization
§ 38.2-4414. Renewal of organization license