Code of Virginia § 38.2-1052. Exchange of securities.
54 words·~1 min read·
/va/title-38-2/chapter-10/38-2-1052·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A depositing insurer may from time to time exchange for any of the deposited securities other securities eligible for deposit under this article if in the opinion of the Commission the aggregate value of the deposit will not be reduced below the amount required by law.
1952, c. 317, § 38.1-116; 1986, c. 562.