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64 chapters · 1,789 sections in this title.
Va. Code Ann. § 38.2-700 When domestic insurer may hold stock of another insurer
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Subject to Article 6 (§ 38.2-1335 et seq.) of Chapter 13 and Chapter 14 (§ 38.2-1400 et seq.) of this title, any domestic insurer may retain, invest in or acquire the whole or any part of the capital stock of any other insurer, unless the effect of such action (i) substantially l…
Va. Code Ann. § 38.2-701 When director of a domestic insurer may be a director of another insurer
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Any domestic insurer may have a director who is also a director of another domestic, foreign or alien insurer, unless the effect thereof (i) substantially lessens competition generally or (ii) tends to create a monopoly, in the business of insurance.
Va. Code Ann. § 38.2-702 Violations; procedure; cease and desist orders
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If the Commission has reason to believe that there is a violation of either § 38.2-700 or § 38.2-701, it shall issue and serve upon the insurer or the director concerned a statement of the charges and a notice of a hearing to be held at a time and place fixed in the notice, which…
Va. Code Ann. § 38.2-703 Cease and desist orders may be entered
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If, after a hearing, the Commission finds that there has been a violation of § 38.2-700 or § 38.2-701, it may issue an order reciting its findings and directing the insurer or director to cease and desist from the violation.