Virginia § 38.2-4704 - Suspension, revocation or failure to renew license; imposition of penalty
Full text of Virginia Code of Virginia § 38.2-4704 — Suspension, revocation or failure to renew license; imposition of penalty, with citation guidance and answers to common questions.
§ 38.2-4704. Suspension, revocation or failure to renew license; imposition of penalty
The Commission may suspend, revoke or refuse to renew a license of any insurance premium finance company whenever it finds that:
1. The licensee has (i) failed to pay the annual license fee, (ii) violated or failed to comply with any of the provisions of this chapter or with any rule or regulation made by the Commission pursuant to this chapter, or (iii) violated or failed to comply with any order, demand, ruling, provision or requirement of the Commission lawfully made pursuant to or within the authority of this chapter; or
2. The licensee no longer meets the standards required for the initial issuance of a license.
1964, c. 147, § 38.1-739; 1986, c. 562.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 38.2-4704
What does Code of Virginia § 38.2-4704 cover?
Section 38.2-4704 ("Suspension, revocation or failure to renew license; imposition of penalty") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 38.2-4704?
A common citation format is "Code of Virginia § 38.2-4704" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 38.2-4704 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.