No person shall act as an insurance premium finance company in this Commonwealth until that person has obtained a license from the Commission as provided in this chapter. Application for a license shall be made in writing in the form prescribed by the Commission and shall be accompanied by a nonrefundable application fee of $500.
1964, c. 147, § 38.1-736; 1981, c. 107; 1986, c. 562.
Structure Code of Virginia
Chapter 47 - Insurance Premium Finance Companies
§ 38.2-4700. What persons deemed insurance premium finance companies
§ 38.2-4701. License required; application; fee
§ 38.2-4702. Investigation of applicant; issuance of license
§ 38.2-4703. Renewal of license
§ 38.2-4704. Suspension, revocation or failure to renew license; imposition of penalty
§ 38.2-4705. Maximum interest rate and maximum service charge on premium finance agreement
§ 38.2-4706. Default charge; bad check charge
§ 38.2-4709. Disposition of license and other fees
§ 38.2-4710. Penalty for engaging in business without license