Code of Virginia - Title 38.2 Insurance - Section 38.2-213 Violation of { 38.2-210 or { 38.2-211

§ 38.2-213. Violation of { 38.2-210 or { 38.2-211

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.)

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Last modified: April 16, 2009