38.2-2607 - Annual statements. - Virginia Statutes

§ 38.2-2607. Annual statements.

On or before March 1 of each year, each home protection company shall filewith the Commission its annual statement pursuant to the provisions of §38.2-1300, in the form prescribed by the Commission. The annual statement maybe based on accounting principles common to the home protection business,provided that they enable the Commission to ascertain whether the reservesrequired by § 38.2-2606 have been established. However, the Commission mayprescribe a uniform accounting system to be used by home protectioncompanies. The Commission may also require the uniform reporting ofstatistical information under a plan prescribed or approved by the Commission.

(1981, c. 530, § 38.1-937; 1986, c. 562.)