# Chapter 3 Powers and Duties of the Commission

This chapter is comprised of the following sections:

- §12.1-12 Powers and duties generally
- §12.1-13 Commission to have powers of court of record; rules and regulations; fines
- §12.1-14 Commission’s power to impose penalties does not relieve from other penalties
- §12.1-15 Power to compromise and settle; power to waive penalties and charge off delinquent taxes, etc
- §12.1-15.1 Power to employ counsel for and indemnify employees
- §12.1-16 Delegation to employees and agents; Commissioner of Financial Institutions and Commissioner of Insurance
- §12.1-17 Deposits of funds; means of payment; dishonored payments; receipts for payment