Code of Virginia - Title 38.2 Insurance - Section 38.2-4305 Fiduciary responsibilities

§ 38.2-4305. Fiduciary responsibilities

Any director, officer or partner of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of the organization shall be responsible for the funds in a fiduciary relationship with the subscribers and enrollees.

(1980, c. 720, § 38.1-868; 1986, c. 562.)

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Last modified: April 3, 2009