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Serving as the central filing office for business entities authorized to transact business in Virginia and for UCC financing statements; Providing licensing, regulation, examination, and investigation of insurance companies, agencies and agents; Regulating securities, brokers, investment advisers and registering franchises and trademarks;
The NAIC is not a regulator; while its members are the insurance commissioners (i.e., the chief insurance regulators) of each U.S. state and six territories, [1] the NAIC is a non-governmental organization that concerns itself with insurance regulatory matters but does not actually regulate. The states have not delegated their regulatory ...
The office of the insurance commissioner may be part of a larger regulatory agency, or an autonomous department. Insurance law and regulation is established individually by each state. In order to better coordinate insurance regulation among the states and territories, insurance commissioners are members of the National Association of Insurance ...
Until July 2024, most drivers can operate a vehicle without car insurance in Virginia if they pay an uninsured vehicle fee of $500 to the Department of Motor Vehicles (DMV). This fee does not ...
The Virginia Department of Motor Vehicles states that drivers will have to maintain SR-22 insurance in Virginia for three years and pay a reinstatement fee if their license has been suspended.
If you choose to purchase a car insurance policy instead, it must comply with Virginia auto insurance requirements. For policies effective January 1, 2022 to December 31, 2024, drivers must carry ...
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