{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/38.2-4701.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/38.2-4701.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/38.2-4701.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/38.2-4701.html"}],"law_id":362695,"edition_id":2,"section_id":362695,"structure_id":51785,"section_number":"38.2-4701","catch_line":"License required; application; fee","history":"1964, c. 147, \u00a7 38.1-736; 1981, c. 107; 1986, c. 562.","full_text":"No person shall act as an insurance premium finance company in this Commonwealth until that person has obtained a license from the Commission as provided in this chapter. Application for a license shall be made in writing in the form prescribed by the Commission and shall be accompanied by a nonrefundable application fee of $500.\n\n","order_by":null,"text":{"0":{"id":1350808,"text":"No person shall act as an insurance premium finance company in this Commonwealth until that person has obtained a license from the Commission as provided in this chapter. Application for a license shall be made in writing in the form prescribed by the Commission and shall be accompanied by a nonrefundable application fee of $500.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":51785,"edition_id":2,"name":"Insurance Premium Finance Companies","identifier":"47","label":"chapter","depth":2,"order_by":49,"parent_id":51644,"metadata":{"child_laws":13,"child_structures":0},"date_created":"2026-08-02 02:48:44","date_modified":"2026-08-02 12:33:20","permalink":{"id":1444237,"object_type":"structure","relational_id":51785,"identifier":"47","token":"38.2\/47","url":"\/38.2\/47\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51644,"edition_id":2,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":88,"parent_id":null,"metadata":{"child_laws":1890,"child_structures":173},"date_created":"2026-08-02 02:45:30","date_modified":"2026-08-02 12:32:55","permalink":{"id":1437663,"object_type":"structure","relational_id":51644,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":362694,"structure_id":51785,"section_number":"38.2-4700","catch_line":"What persons deemed insurance premium finance companies","url":"\/38.2-4700\/","token":"38.2\/47\/38.2-4700","metadata":false},{"id":362695,"structure_id":51785,"section_number":"38.2-4701","catch_line":"License required; application; fee","url":"\/38.2-4701\/","token":"38.2\/47\/38.2-4701","metadata":{"court_decisions":""}},{"id":362696,"structure_id":51785,"section_number":"38.2-4702","catch_line":"Investigation of applicant; issuance of license","url":"\/38.2-4702\/","token":"38.2\/47\/38.2-4702","metadata":false},{"id":362697,"structure_id":51785,"section_number":"38.2-4703","catch_line":"Renewal of license","url":"\/38.2-4703\/","token":"38.2\/47\/38.2-4703","metadata":false},{"id":362698,"structure_id":51785,"section_number":"38.2-4704","catch_line":"Suspension, revocation or failure to renew license; imposition of penalty","url":"\/38.2-4704\/","token":"38.2\/47\/38.2-4704","metadata":false},{"id":362699,"structure_id":51785,"section_number":"38.2-4705","catch_line":"Maximum interest rate and maximum service charge on premium finance agreement","url":"\/38.2-4705\/","token":"38.2\/47\/38.2-4705","metadata":{"court_decisions":{"0":{"name":"Devnew v. Brown & Brown, Inc.","case_number":"Civ.A.2:05CV00400","citation":"396 F. Supp. 2d 665","date":"2005-10-17","url":"https:\/\/www.courtlistener.com\/opinion\/2567270\/devnew-v-brown-brown-inc\/","abstract":" .\u202f.\u202f. 396 F.Supp.2d 665 (2005) .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"}}}},{"id":362700,"structure_id":51785,"section_number":"38.2-4706","catch_line":"Default charge; bad check charge","url":"\/38.2-4706\/","token":"38.2\/47\/38.2-4706","metadata":{"court_decisions":""}},{"id":362701,"structure_id":51785,"section_number":"38.2-4707","catch_line":"Forms of premium finance agreements and related forms to be approved by Commission; false or misleading statements or omissions prohibited","url":"\/38.2-4707\/","token":"38.2\/47\/38.2-4707","metadata":{"court_decisions":""}},{"id":362702,"structure_id":51785,"section_number":"38.2-4708","catch_line":"Examination of books and records of company; bond; rules and regulations; order by Commission to remedy concerns","url":"\/38.2-4708\/","token":"38.2\/47\/38.2-4708","metadata":{"court_decisions":""}},{"id":362703,"structure_id":51785,"section_number":"38.2-4709","catch_line":"Disposition of license and other fees","url":"\/38.2-4709\/","token":"38.2\/47\/38.2-4709","metadata":{"court_decisions":""}},{"id":362704,"structure_id":51785,"section_number":"38.2-4710","catch_line":"Penalty for engaging in business without license","url":"\/38.2-4710\/","token":"38.2\/47\/38.2-4710","metadata":{"court_decisions":""}},{"id":362705,"structure_id":51785,"section_number":"38.2-4711","catch_line":"Exemptions","url":"\/38.2-4711\/","token":"38.2\/47\/38.2-4711","metadata":{"court_decisions":""}},{"id":362706,"structure_id":51785,"section_number":"38.2-4712","catch_line":"Validity of secured transactions","url":"\/38.2-4712\/","token":"38.2\/47\/38.2-4712","metadata":{"court_decisions":""}}],"previous_section":{"id":362694,"structure_id":51785,"section_number":"38.2-4700","catch_line":"What persons deemed insurance premium finance companies","url":"\/38.2-4700\/","token":"38.2\/47\/38.2-4700","metadata":false},"next_section":{"id":362696,"structure_id":51785,"section_number":"38.2-4702","catch_line":"Investigation of applicant; issuance of license","url":"\/38.2-4702\/","token":"38.2\/47\/38.2-4702","metadata":false},"metadata":{"court_decisions":""},"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-4701\/","history_text":"<p>This law was first created in 1964. The record of its establishment is cataloged in chapter 147 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1964 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1981, chapter 107; in 1986, chapter 562.<\/p>","references":false,"refers_to":false,"permalink":{"id":1444243,"object_type":"law","relational_id":362695,"identifier":"38.2-4701","token":"38.2\/47\/38.2-4701","url":"\/38.2-4701\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/38.2-4701\/","token":"38.2\/47\/38.2-4701","dublin_core":{"Title":"License required; application; fee","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-4701","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>No <span class=\"dictionary\">person<\/span> shall act as an <span class=\"dictionary\">insurance<\/span> premium finance <span class=\"dictionary\">company<\/span> in this Commonwealth until that <span class=\"dictionary\">person<\/span> has obtained a license from the <span class=\"dictionary\">Commission<\/span> as provided in this chapter. Application for a license shall be made in writing in the form prescribed by the <span class=\"dictionary\">Commission<\/span> and shall be accompanied by a nonrefundable application fee of $500.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nLICENSE REQUIRED; APPLICATION; FEE (\u00a7 38.2-4701)\n\nNo person shall act as an insurance premium finance company in this Commonwealth\nuntil that person has obtained a license from the Commission as provided in this\nchapter. Application for a license shall be made in writing in the form\nprescribed by the Commission and shall be accompanied by a nonrefundable\napplication fee of $500.\n\nHISTORY: 1964, c. 147, \u00a7 38.1-736; 1981, c. 107; 1986, c. 562.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}