Virginia Code 38.2-5111: Penalties
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A risk retention group which violates any provision of this chapter will be subject to fines and penalties applicable to licensed insurers generally, including revocation of its license or the right to do business in this Commonwealth.
Terms Used In Virginia Code 38.2-5111
- Risk retention group: means any corporation or other limited liability association:
1. See Virginia Code 38.2-5101
1987, c. 585.