Code of Virginia § 38.2-213. Violation of § 38.2-210 or § 38.2-211.
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/va/title-38-2/chapter-2/38-2-213·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any company, officer or director violating any provision of § 38.2-210 or § 38.2-211 shall be guilty upon conviction of a Class 1 misdemeanor. Any funds of any company invested or used in violation of either of § 38.2-210 or § 38.2-211 may not be reported as an admitted asset in accordance with guidance set forth in the National Association of Insurance Commissioners accounting practices and procedures manuals.
Code 1950, § 38-4.4; 1952, c. 317, § 38.1-36; 1986, c. 562; 2000, c. 46 .