A. No person shall operate a dental or optometric services plan in this Commonwealth 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 shall not issue to or renew a license of a nonstock corporation unless it is 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.
1980, c. 682, § 38.1-906; 1986, c. 562; 1987, cc. 565, 655; 1994, c. 503.
Structure Code of Virginia
Chapter 45 - Dental or Optometric Services Plans
§ 38.2-4500. Applicability of chapter
§ 38.2-4502. Dental services plans
§ 38.2-4503. Optometric services plans
§ 38.2-4504. Nonstock corporation required
§ 38.2-4505. Liability of participants
§ 38.2-4506. Terms of participation
§ 38.2-4507. Change of participants
§ 38.2-4508. Board of directors of nonstock corporation
§ 38.2-4509. Application of certain laws
§ 38.2-4509.1. Rehabilitation, liquidation, conservation
§ 38.2-4510. Quarterly reports
§ 38.2-4511. Corporation's contracts with participating dentists or optometrists
§ 38.2-4512. Contracts between participating dentists or optometrists and subscribers
§ 38.2-4513. Subscriber to have free choice of practitioners available
§ 38.2-4514. Subscriber to be advised in writing as to benefits and limitations thereon
§ 38.2-4515. Geographical area
§ 38.2-4516. Interplan arrangements
§ 38.2-4517. Licensing of nonstock corporation
§ 38.2-4518. Renewal of nonstock corporation license
§ 38.2-4519. Licensing of agents
§ 38.2-4520. Corporate restrictions