77582738.2-2710Virginia Decodedhttps://vacode.org2016InsuranceBasic Property Insurance Residual Market Facility And Joint Underwriting AssociationSupervision and regulation by Commission1968, c. 559, § 38.1-752; 1986, c. 562; 1995, c. 60.http://law.lis.virginia.gov/vacode/38.2-2710//38.2-2710/38.2/27/38.2-2710

The residual market facility, any inspection service, and any joint underwriting association shall at all times be subject to the supervision and regulation of the Commission. The Commission, or any person designated by it, shall have the power:section

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To visit and examine the operations of the residual market facility, any inspection service, and any joint underwriting association;section

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112

To examine directors, officers, agents, employees, or any other person having knowledge of those operations;section

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222

To summon and qualify witnesses under oath and, pursuant to these powers, to have free access to all books, records, files, papers and documents that relate to those operations; andsection

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332

To require that the association file annually a financial report that is approved by the board of directors and prepared in a form prescribed by the Commission. Unless the Commission provides otherwise, the report shall be filed within 120 days after the end of each fiscal year and shall be for the preceding twelve months.section

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442