GroundRules
Va. Code § 38.2-1005.1:8: Diversion of business to affiliates
Where this section sits in the code
- Title 38.2. INSURANCE
- Chapter 10. ORGANIZATION, ADMISSION AND LICENSING OF INSURERS
- Article 1.1. FORMATION OF MUTUAL INSURANCE HOLDING COMPANY; CONVERSION OF MUTUAL HOLDING COMPANY TO STOCK HOLDING COMPANY
Without prior approval of the Commission, neither the converted company nor any person affiliated with or controlling the converted company shall divert business from the converted company to any insurance company affiliated with the converted company if the purpose or effect of such diversion would be to reduce significantly the number of members of the mutual holding company.2001, c. 726.
Collected 2026-09-04T15:16:05Z. Source file · JSON