Code of Virginia § 38.2-1039.1. Risk retention groups.
52 words·~1 min read·
/va/title-38-2/chapter-10/38-2-1039-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.