6.2-1814 - (Effective October 1, 2010) Annual fees. - Virginia Statutes

§ 6.2-1814. (Effective October 1, 2010) Annual fees.

A. To defray the costs of examination, supervision and regulation, everylicensee shall pay an annual fee calculated in accordance with a schedule setby the Commission. The schedule shall bear a reasonable relationship to thebusiness volume of licensees, the actual costs of their examinations, and toother factors relating to their supervision and regulation. All such feesshall be assessed on or before September 15 for every calendar year. All suchfees shall be paid by the licensee to the State Treasurer on or beforeOctober 15 following each assessment.

B. In addition to the annual fee prescribed in subsection A, when it becomesnecessary to examine or investigate the books and records of a licensee at alocation outside the Commonwealth, the licensee shall be liable for and shallpay to the Commission within 30 days of the presentation of an itemizedstatement, the actual travel and reasonable living expenses incurred onaccount of its examination, supervision and regulation, or shall pay at areasonable per diem rate approved by the Commission.

(2002, c. 897, § 6.1-457; 2010, c. 794.)