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Virginia State Corporation Commission

Virginia State Corporation Commission

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Virginia State Corporation Commission

The State Corporation Commission in the State of Virginia is structured as a unique and independent governmental organization. It is responsible for balancing the concerns and interests of businesses and consumers by regulating the economic sector in Virginia.

 

The State Corporation Commission seeks to ensure that all laws and regulations are upheld in order to achieve the satisfaction of both corporations and customers. The Commission is also responsible for creating and employing new legislation necessary to effectively regulate technological and economic changes.

 

If consumers are involved in disputes with corporations, it is the State Corporation Commission that is responsible for assisting these individuals. In addition, the Commission must ensure that all individuals who are being investigated by the organization are granted due process of law.

 

All businesses that wish to operate in Virginia must file with the State Corporation Commission. This organization regulates many different types of businesses, including insurance companies and utility providers. The Commission licenses, examines, and investigates these companies, as well as regulates investment advisers and brokers. In the event that a case emerges involving utilities, the Commission will provide financial information.

 

The Commission is also responsible for assessing property owned by public service organizations for taxation purposes. This organization conducts extensive research regarding the state of the economy, as well as financial complications involving public utilities. One of the primary duties of the State Corporation Commission is to protect consumers by employing all State business laws.


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