Any foreign nonstock corporation licensed in the Commonwealth as of July 1, 1980, may conduct a plan directly.

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Virginia Code 38.2-4207

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • plan: means any arrangement for offering or administering health services or similar or related services by a nonstock corporation licensed under this chapter. See Virginia Code 38.2-4201

1980, c. 682, § 38.1-813.3; 1986, c. 562.