Code of Virginia (Last Updated:July 28, 2020) |
TITLE 38.2. Insurance |
CHAPTER 10. Organization, Admission and Licensing of Insurers |
ARTICLE 2. Conversion of Domestic Stock Insurer to Mutual Insurer |
SECTION 38.2-1014. Parties and process |
Necessary parties to the proceeding shall be (i) the insurer, (ii) the registered holders of all its stock still outstanding in the hands of the public, and (iii) its policyholders as a class. Process may be served on the policyholders as a class by publication but any policyholder may, on motion, be admitted as an individual party. The court shall appoint an attorney to represent all other policyholders. 1954, c. 20, § 38.1-495.3; 1986, c. 562. |