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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 38.2. Insurance |
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CHAPTER 10. Organization, Admission and Licensing of Insurers |
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ARTICLE 5. Licensing of Insurers |
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SECTION 38.2-1039.1. Risk retention groups |
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Except in the case of a risk retention group all of whose members are insurers, no risk retention group, as defined in Chapter 51 of this title, shall be licensed in this Commonwealth if an insurer is directly or indirectly a member or owner of such risk retention group. 1987, c. 585. |