The State Corporation Commission may, if in its judgment it deems such action to be justified after reviewing all information pertaining to the applicant or policyholder available from its records, the records of the Workers' Compensation Commission or from other sources:
1. Refuse to assign an application;
2. Approve the rejection of an application by an insurance carrier;
3. Approve the cancellation of a workers' compensation policy by an insurance carrier; or
4. Refuse to approve the renewal or the reassignment of an expiring policy.
Code 1950, § 65-114.3; 1956, c. 358; 1968, c. 660, § 65.1-121; 1991, c. 355.
Structure Code of Virginia
Title 65.2 - Workers' Compensation
Chapter 8 - Insurance and Self-Insurance
§ 65.2-800. Duty to insure payment of compensation; effect of insurance
§ 65.2-801. Insurance or proof of financial ability to pay required
§ 65.2-802. Requirements for licensure as group self-insurance association; annual assessment
§ 65.2-803. Administrator and service company affiliation prohibited; exception
§ 65.2-803.1. Requirements for registration as professional employer organization; annual assessment
§ 65.2-804. Evidence of compliance with title; notices of cancellation of insurance
§ 65.2-805. Civil penalty for violation of §§ 65.2-800, 65.2-803.1, and 65.2-804
§ 65.2-806. Criminal penalties
§ 65.2-807. Cost of insurance may not be deducted from wages
§ 65.2-808. Self-insurance certificate
§ 65.2-809. Constructive notice to, jurisdiction of, and awards, etc., binding upon insurer
§ 65.2-810. How formal notice may be given
§ 65.2-811. Liability of insurer
§ 65.2-812. Subrogation of insurance carrier to employer's rights; compromise
§ 65.2-813. Insurance deemed subject to title; approval of forms
§ 65.2-813.1. Insurers offering policies with deductibles
§ 65.2-813.2. Premium discounts; drug-free workplace programs
§ 65.2-814. Insurer to furnish written evidence of coverage on request
§ 65.2-815. Group self-insurance association required to furnish written evidence of membership
§ 65.2-816. Title not applicable to boiler, etc., insurance
§ 65.2-818. Minimum standards of service for insurers
§ 65.2-819. Penalty for violation of certain provisions
§ 65.2-821.1. Payment and reimbursement practices; prohibitions
§ 65.2-822. Action by State Corporation Commission upon application