Virginia Code 38.2-2607: Annual statements
Current as of: 2024 | Check for updates
|
Other versions
On or before March 1 of each year, each home protection company shall file with the Commission its annual statement pursuant to the provisions of § 38.2-1300, in the form prescribed by the Commission. The annual statement may be based on accounting principles common to the home protection business, provided that they enable the Commission to ascertain whether the reserves required by § 38.2-2606 have been established. However, the Commission may prescribe a uniform accounting system to be used by home protection companies. The Commission may also require the uniform reporting of statistical information under a plan prescribed or approved by the Commission.
Terms Used In Virginia Code 38.2-2607
- Commission: means the State Corporation Commission. See Virginia Code 38.2-100
- Home protection company: means any person who performs, or arranges to perform, services pursuant to a home protection insurance contract. See Virginia Code 38.2-2600
1981, c. 530, § 38.1-937; 1986, c. 562.