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2021 Code of Virginia
Title 38.2 - Insurance
Chapter 10 - Organization, Admission and Licensing of Insurers
§ 38.2-1005.1:8. Diversion of business to affiliates
Universal Citation:
VA Code § 38.2-1005.1:8 (2021)
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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.
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