46.2-467 - Action within power of Commission. - Virginia Statutes

§ 46.2-467. Action within power of Commission.

The Commission may, in its discretion, after reviewing all informationpertaining to the applicant or policyholder available from its records, therecords of the Department or from other sources:

1. Refuse to assign an application;

2. Approve the rejection of an application by an insurance carrier;

3. Approve the cancellation of a policy of motor vehicle liability, physicaldamage, and medical payments insurance by an insurance carrier; or

4. Refuse to approve the renewal or the reassignment of an expiring policy.

(Code 1950, § 46-488; 1958, c. 541, § 46.1-499; 1972, c. 842; 1989, c. 727.)