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Current as of January 01, 2025 | Updated by Findlaw Staff
If a lessor or its employee or authorized representative violates any provision of this article, the Commission may do any of the following:
1. After notice and hearing, impose fines and penalties in accordance with § 38.2-218; and
2. After notice and hearing, impose any such other penalties that the Commission deems necessary and reasonable to carry out the purpose of this article, including (i) suspending the privilege of transacting self storage insurance pursuant to this article at specific business locations where violations have occurred; (ii) suspending or revoking the ability of individual employees or authorized representatives to act under the license; and (iii) imposing a penalty in accordance with § 38.2-218 on the licensed producer designated by the lessor pursuant to § 38.2-1820.
Cite this article: FindLaw.com - Virginia Code Title 38.2. Insurance § 38.2-1885. Suspension or revocation of license - last updated January 01, 2025 | https://codes.findlaw.com/va/title-38-2-insurance/va-code-sect-38-2-1885/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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