{"law_id":"769307","section_number":"38.2-1327","catch_line":"Time for hearing; order of Commission","history":"1977, c. 414, \u00a7 38.1-178.1:6; 1986, c. 562; 2014, c. 309.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/38.2-1327\/","refers_to":[{"id":"793488","section_number":"38.2-1323","catch_line":"Acquisition of control of insurers","url":"\/38.2-1323\/"},{"id":"778013","section_number":"38.2-1326","catch_line":"Approval by Commission","url":"\/38.2-1326\/"}],"url":"\/38.2-1327\/","token":"38.2\/13\/5\/38.2-1327","structure":{"1":{"id":"1230","name":"Insurance Holding Companies","identifier":"5","label":"article","url":"\/38.2\/13\/5\/"},"2":{"id":"1229","name":"Reports, Reserves And Examinations, Insurance Holding Companies, Reinsurance Intermediaries, And Managing General Agents","identifier":"13","label":"chapter","url":"\/38.2\/13\/"},"3":{"id":"7","name":"Insurance","identifier":"38.2","label":"title","url":"\/38.2\/"}},"referred_to_by":[{"id":"769307","section_number":"38.2-1327","catch_line":"Time for hearing; order of Commission","url":"\/38.2-1327\/"}],"edition_id":"11","section_id":"769307","structure_id":"1230","full_text":"A Any hearing held pursuant to \u00a7 38.2-1326 shall begin within 40 days of the date the application is filed with the Commission. In approving any application filed pursuant to \u00a7 38.2-1323, the Commission may include in its order any conditions, stipulations, or provisions that the Commission determines to be necessary to protect the interests of the policyholders of the insurer and the public.\r\rB The Commission may retain at the acquiring person’s expense any attorneys, actuaries, accountants, and other experts not otherwise a part of the Commission’s staff as may be reasonably necessary to assist the Commission in reviewing the proposed acquisition of control.\r\r","text":{"0":{"id":"2479707","text":"Any hearing held pursuant to \u00a7 38.2-1326 shall begin within 40 days of the date the application is filed with the Commission. In approving any application filed pursuant to \u00a7 38.2-1323, the Commission may include in its order any conditions, stipulations, or provisions that the Commission determines to be necessary to protect the interests of the policyholders of the insurer and the public.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1},"1":{"id":"2479708","text":"The Commission may retain at the acquiring person’s expense any attorneys, actuaries, accountants, and other experts not otherwise a part of the Commission’s staff as may be reasonably necessary to assist the Commission in reviewing the proposed acquisition of control.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1}},"ancestry":{"1":{"id":"1230","name":"Insurance Holding Companies","identifier":"5","label":"article","url":"\/38.2\/13\/5\/"},"2":{"id":"1229","name":"Reports, Reserves And Examinations, Insurance Holding Companies, Reinsurance Intermediaries, And Managing General Agents","identifier":"13","label":"chapter","url":"\/38.2\/13\/"},"3":{"id":"7","name":"Insurance","identifier":"38.2","label":"title","url":"\/38.2\/"}},"structure_contents":{"0":{"id":"783786","structure_id":"1230","section_number":"38.2-1322","catch_line":"Definitions","url":"\/38.2-1322\/","token":"38.2\/13\/5\/38.2-1322"},"1":{"id":"793488","structure_id":"1230","section_number":"38.2-1323","catch_line":"Acquisition of control of insurers","url":"\/38.2-1323\/","token":"38.2\/13\/5\/38.2-1323"},"2":{"id":"785375","structure_id":"1230","section_number":"38.2-1324","catch_line":"Contents of application","url":"\/38.2-1324\/","token":"38.2\/13\/5\/38.2-1324"},"3":{"id":"772037","structure_id":"1230","section_number":"38.2-1325","catch_line":"Alternate filing materials","url":"\/38.2-1325\/","token":"38.2\/13\/5\/38.2-1325"},"4":{"id":"778013","structure_id":"1230","section_number":"38.2-1326","catch_line":"Approval by Commission","url":"\/38.2-1326\/","token":"38.2\/13\/5\/38.2-1326"},"5":{"id":"769307","structure_id":"1230","section_number":"38.2-1327","catch_line":"Time for hearing; order of Commission","url":"\/38.2-1327\/","token":"38.2\/13\/5\/38.2-1327"},"6":{"id":"779073","structure_id":"1230","section_number":"38.2-1328","catch_line":"Exemption","url":"\/38.2-1328\/","token":"38.2\/13\/5\/38.2-1328"},"7":{"id":"792210","structure_id":"1230","section_number":"38.2-1329","catch_line":"Registration of insurers that are members of holding company system","url":"\/38.2-1329\/","token":"38.2\/13\/5\/38.2-1329"},"8":{"id":"768431","structure_id":"1230","section_number":"38.2-1330","catch_line":"Standards for transactions within an insurance holding company system; adequacy of surplus","url":"\/38.2-1330\/","token":"38.2\/13\/5\/38.2-1330"},"9":{"id":"777504","structure_id":"1230","section_number":"38.2-1330.1","catch_line":"Dividends and other distributions","url":"\/38.2-1330.1\/","token":"38.2\/13\/5\/38.2-1330.1"},"10":{"id":"795026","structure_id":"1230","section_number":"38.2-1331","catch_line":"Repealed","url":"\/38.2-1331\/","token":"38.2\/13\/5\/38.2-1331"},"11":{"id":"795692","structure_id":"1230","section_number":"38.2-1332","catch_line":"Examinations","url":"\/38.2-1332\/","token":"38.2\/13\/5\/38.2-1332"},"12":{"id":"769903","structure_id":"1230","section_number":"38.2-1332.1","catch_line":"Supervisory colleges","url":"\/38.2-1332.1\/","token":"38.2\/13\/5\/38.2-1332.1"},"13":{"id":"796514","structure_id":"1230","section_number":"38.2-1333","catch_line":"Confidential treatment of information and documents","url":"\/38.2-1333\/","token":"38.2\/13\/5\/38.2-1333"},"14":{"id":"773029","structure_id":"1230","section_number":"38.2-1334","catch_line":"Revocation, suspension, or nonrenewal of insurer's license","url":"\/38.2-1334\/","token":"38.2\/13\/5\/38.2-1334"},"15":{"id":"766104","structure_id":"1230","section_number":"38.2-1334.1","catch_line":"Voting of securities, injunctions, and sequestration of voting securities","url":"\/38.2-1334.1\/","token":"38.2\/13\/5\/38.2-1334.1"},"16":{"id":"773890","structure_id":"1230","section_number":"38.2-1334.2","catch_line":"Recovery","url":"\/38.2-1334.2\/","token":"38.2\/13\/5\/38.2-1334.2"},"17":{"id":"768684","structure_id":"1230","section_number":"38.2-1334.2:1","catch_line":"Rules and regulations","url":"\/38.2-1334.2:1\/","token":"38.2\/13\/5\/38.2-1334.2:1"},"18":{"id":"772776","structure_id":"1230","section_number":"38.2-1334.2:2","catch_line":"Sanctions","url":"\/38.2-1334.2:2\/","token":"38.2\/13\/5\/38.2-1334.2:2"},"19":{"id":"771857","structure_id":"1230","section_number":"38.2-1334.2:3","catch_line":"Statutory construction and relationship to other laws","url":"\/38.2-1334.2:3\/","token":"38.2\/13\/5\/38.2-1334.2:3"}},"previous_section":{"id":"778013","structure_id":"1230","section_number":"38.2-1326","catch_line":"Approval by Commission","url":"\/38.2-1326\/","token":"38.2\/13\/5\/38.2-1326"},"next_section":{"id":"779073","structure_id":"1230","section_number":"38.2-1328","catch_line":"Exemption","url":"\/38.2-1328\/","token":"38.2\/13\/5\/38.2-1328"},"references":[{"id":"779073","section_number":"38.2-1328","catch_line":"Exemption","url":"\/38.2-1328\/"}],"formats":{"txt":"\/38.2-1327.txt","json":"\/38.2-1327.json","xml":"\/38.2-1327.xml"},"dublin_core":{"Title":"Time for hearing; order of Commission","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1327","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nTIME FOR HEARING; ORDER OF COMMISSION (\u00a7 38.2-1327)\n\nA. Any hearing held pursuant to \u00a7 38.2-1326 shall begin within 40 days of the\ndate the application is filed with the Commission. In approving any application\nfiled pursuant to \u00a7 38.2-1323, the Commission may include in its order any\nconditions, stipulations, or provisions that the Commission determines to be\nnecessary to protect the interests of the policyholders of the insurer and the\npublic.\n\nB. The Commission may retain at the acquiring person’s expense any\nattorneys, actuaries, accountants, and other experts not otherwise a part of the\nCommission’s staff as may be reasonably necessary to assist the Commission\nin reviewing the proposed acquisition of control.\n\nHISTORY: 1977, c. 414, \u00a7 38.1-178.1:6; 1986, c. 562; 2014, c. 309."}