14VAC5-270-150: Exemptions

Upon written application of an insurer, the commission may grant an exemption from any provision and/or requirement of this chapter if the commission finds, upon review of the application, that compliance with this chapter would constitute an undue financial or organizational hardship upon the insurer. An exemption may be granted at any time and from time to time for a specified period or periods. Upon written application of an insurer, the commission may, for a specified period or periods, permit an insurer to file annual Audited Financial Reports on some basis other than a calendar year basis.