Failure of any holder of a certificate or permit issued by and under the authority of the Commission to comply with any of the requirements of §§ 5.1-116, 5.1-117 or 5.1-118 shall be cause without further proceedings for the revocation or suspension of the certificate or permit, and upon further proceedings for the imposition of a fine not exceeding $1,000.
Effect of failure to give security
Va. Code Ann. § 5.1-120, under Chapter 9. Air Carriers..
Va. Code Ann. § 5.1-120