Virginia Code 38.2-2017: No rule prohibiting or regulating payment of dividends, etc., to be adopted.
Current as of: 2024 | Check for updates
|
Other versions
No rate service organization subject to this chapter shall adopt any rule prohibiting or regulating the payment of dividends, savings or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members or subscribers.
Terms Used In Virginia Code 38.2-2017
- Rate service organization: means any organization or person, other than a joint underwriting association under § Virginia Code 38.2-100
Code 1950, §§ 38-253.12, 38-253.58; 1952, c. 317, § 38.1-267; 1986, c. 562.