Code of Virginia § 38.2-1328. Exemption.
74 words·~1 min read·
/va/title-38-2/chapter-13/38-2-1328A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The provisions of §§ 38.2-1323 through 38.2-1327 shall not apply to any acquisition that the Commission, by order, exempts from those sections. Acquisitions granted exemption shall include those which
(i)have not been made or entered into for the purpose of and do not have the effect of changing or influencing the control of a domestic insurer, or
(ii)otherwise are not comprehended within these sections.
1977, c. 414, § 38.1-178.1:7; 1986, c. 562.