Virginia Code 38.2-1334.10: Sanctions.
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Any insurer failing, without just cause, to timely file the ORSA summary report as required in this article shall be subject to the enforcement and penalty provisions set forth in Chapter 2 (§ 38.2-200 et seq.).
Terms Used In Virginia Code 38.2-1334.10
- Insurer: means an insurance company as defined in § Virginia Code 38.2-1334.3
- ORSA summary report: means a confidential high-level summary of an insurer or insurance group's ORSA. See Virginia Code 38.2-1334.3
2014, c. 248.