Code of Virginia - Title 38.2 Insurance - Section 38.2-4406 Board of directors of corporation operating plan

§ 38.2-4406. Board of directors of corporation operating plan

Notwithstanding the provisions of §§ 13.1-675 and 13.1-855, any corporation that operates any plan pursuant to the terms of this chapter shall have a board of directors consisting of no more than fifteen members of whom a majority shall be subscribers to the plan who are not providers of legal services and not employees or officers of any plan. This section does not apply to a plan operated by a group of attorneys except as provided in § 38.2-4403.

(1978, c. 658, § 38.1-796; 1982, c. 387; 1986, c. 562.)

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Last modified: April 16, 2009