Virginia § 38.2-4131 Suspension, revocation or refusal of license of foreign or alien society

Virginia Statutes

§ 38.2-4131 — Suspension, revocation or refusal of license of foreign or alien society

Virginia § 38.2-4131

Title 38.2INSURANCE

Ch. 41FRATERNAL BENEFIT SOCIETIES

Art. 6REGULATION

This text of Virginia § 38.2-4131 (Suspension, revocation or refusal of license of foreign or alien society) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 38.2-4131 (2026).

Text

No foreign or alien society doing business or applying to do business in this Commonwealth shall:

1.Exceed its powers;

2.Fail to comply with any of the provisions of this chapter;

3.Fail to fulfill its contracts in good faith; or

4.Conduct its business fraudulently or in a manner hazardous to its members or creditors or the public. If the Commission, upon investigation, finds such deficiencies, it shall notify the society in writing of its findings, and after reasonable notice require the society to show cause on a date designated in the notice why its license should not be suspended, revoked or refused. If, on the date named in the notice, the grounds for the proposed suspension, revocation or refusal of the society's license have not been removed to the satisfaction of the Commi

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No foreign or alien society doing business or applying to do business in this Commonwealth shall:

1. Exceed its powers;

2. Fail to comply with any of the provisions of this chapter;

3. Fail to fulfill its contracts in good faith; or

4. Conduct its business fraudulently or in a manner hazardous to its members or creditors or the public.

If the Commission, upon investigation, finds such deficiencies, it shall notify the society in writing of its findings, and after reasonable notice require the society to show cause on a date designated in the notice why its license should not be suspended, revoked or refused. If, on the date named in the notice, the grounds for the proposed suspension, revocation or refusal of the society's license have not been removed to the satisfaction of the Commission, or the society does not present good and sufficient reasons why its authority to do business in this Commonwealth should not at that time be suspended, revoked, or refused the Commission may suspend, revoke or refuse the license of the society to do business in this Commonwealth.