Compliance Certification by Non-participating Manufacturer (Yearly Escrow Deposit Made for Cigarette Sales) - Virginia

Compliance Certification by Non-participating Manufacturer (Yearly Escrow Deposit Made for Cigarette Sales) is a legal document that was released by the Attorney General of Virginia - a government authority operating within Virginia.

FAQ

Q: What is a Compliance Certification by Non-participating Manufacturer?A: A Compliance Certification by Non-participating Manufacturer is a document that certifies that a cigarette manufacturer that is not participating in the tobacco Master Settlement Agreement (MSA) has made the required yearly escrow deposit for cigarette sales.

Q: What is a yearly escrow deposit?A: A yearly escrow deposit is a monetary deposit that non-participating cigarette manufacturers are required to make each year as a financial security to cover potential future liabilities related to tobacco sales.

Q: Why are non-participating manufacturers required to make yearly escrow deposits?A: Non-participating manufacturers are required to make yearly escrow deposits to ensure that funds are available to cover any legal claims or liabilities that may arise from their cigarette sales.

Q: Who requires non-participating manufacturers to make yearly escrow deposits in Virginia?A: The state of Virginia requires non-participating manufacturers to make yearly escrow deposits as part of the Tobacco Product Manufacturer Escrow Fund Act.

Q: What happens if a non-participating manufacturer does not make the yearly escrow deposit?A: If a non-participating manufacturer fails to make the required yearly escrow deposit, they may face penalties and legal consequences, including the possibility of being prohibited from selling cigarettes in Virginia.