Va. Code § 38.2-701

Current with changes from the 2024 legislative session through ch. 845

Section 38.2-701 - When director of a domestic insurer may be a director of another insurer

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 § 38.2-701

1952, c. 317, § 38.1-59; 1986, c. 562.

Amended by Acts 1986, § c. 562.

Amended by Acts 1952, § c. 317, §38.1-59.