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2018 Code of Virginia
Title 38.2 - Insurance
Chapter 13 - Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents
§ 38.2-1327. Time for hearing; order of Commission
Universal Citation: VA Code § 38.2-1327 (2018)
A. Any hearing held pursuant to § 38.2-1326 shall begin within 40 days of the date the application is filed with the Commission. In approving any application filed pursuant to § 38.2-1323, the Commission may include in its order any conditions, stipulations, or provisions that the Commission determines to be necessary to protect the interests of the policyholders of the insurer and the public.
B. The Commission may retain at the acquiring person's expense any attorneys, actuaries, accountants, and other experts not otherwise a part of the Commission's staff as may be reasonably necessary to assist the Commission in reviewing the proposed acquisition of control.
1977, c. 414, § 38.1-178.1:6; 1986, c. 562; 2014, c. 309.
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