Chap. 140.——An ACT to amend the Code of Virginia by adding to chapter 167
thereof a new section to be numbered section 4184-a, relating to reports of
examinations of insurance companies. [S B 166]

Approved March 11, 1936

1. Be it enacted by the General Assembly of Virginia, That the
Code of Virginia be amended by adding to chapter one hundred and
sixty-seven thereof, a new section to be numbered forty-one hundred
and eighty-four-a, which new section shall read as follows:

Section 4184-a. Results of Examination not to be Made Public
Until Company is Given Opportunity to be Heard; Exception.—Pend-
ing, during and after the examination of any domestic, foreign or alien
insurance company, neither the State Corporation Commission nor its
representative or representatives shall make public or allow to be made
public the financial statement, findings or report of examination, or
any report affecting the status or standing of the company examined
until the company has either accepted and approved the final report of
examination or has been afforded a reasonable apportunity to be heard
thereon and to answer or rebut any statements or findings therein.
Such hearing, if requested shall be informal and private.

If within thirty days after the final report of examination has been
submitted to it, the company examined has neither notified the com-
mission of its acceptance and approval of the report nor requested to
be heard thereon, the report shall thereupon be filed in the office of
the State Corporation Commission as a public document and shall be
open to public inspection.

The provisions of this section shall not, however, prohibit the State
Corporation Commission from taking any action provided for, or from
exercising any power conferred by, any other statute, to suspend or
revoke the license of any insurance company.