38.2-6104 - License renewals. - Virginia Statutes

§ 38.2-6104. License renewals.

A. Each dental plan organization organized under this chapter shall obtain anannual renewal of its license from the Commission by July 1 of each year. TheCommission may refuse to renew the license of any dental plan organization ormay renew the license, subject to any restrictions considered appropriate bythe Commission, if it finds an impairment of the minimum capital and surplusor that the dental plan organization has not satisfied all of the conditionsset forth in subsection A of § 38.2-6103.

B. The Commission shall not fail or refuse to renew the license of any dentalplan organization without first giving the dental plan organization 10 days'notice of its intention not to renew the license and giving it an opportunityto be heard and to introduce evidence on its behalf. The hearing may beinformal and the required notice may be waived by the Commission and thedental plan organization.

(2004, c. 668.)