Virginia Code 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.
Terms Used In Virginia Code 38.2-1039.1
- Insurer: means an insurance company. See Virginia Code 38.2-100
1987, c. 585.