Code of Virginia
Title 38.2 - Insurance
Chapter 15 - Rehabilitation and Liquidation of Insurers

§ 38.2-1500. Scope of chapter - This chapter shall, except as otherwise stated, apply to every...

§ 38.2-1501. Definitions - As used in this chapter: "Actual direct compensatory damages" does...

§ 38.2-1502. Jurisdiction and procedure - The jurisdiction of delinquency proceedings shall be determined by general...

§ 38.2-1503. Grounds for delinquency proceedings commenced by Commission against domestic insurer - Delinquency proceedings may be commenced by the Commission against any...

§ 38.2-1504. Requirements when proceedings instituted by any person other than Commission - A. No circuit court in this Commonwealth shall appoint a...

§ 38.2-1505. Commission may apply for receiver and for other relief; what orders court may enter - A. Whenever the Commission finds that any of the grounds...

§ 38.2-1506. Requirements when receiver appointed; disbursement of available assets to association, etc. - A. Whenever a receiver, other than the Commission, is appointed...

§ 38.2-1507. Further procedure; injunction may be issued - The court may issue an injunction restraining the insurer and...

§ 38.2-1508. Powers of Commission when authorized to rehabilitate or liquidate companies - Whenever the Commission is authorized to act as a receiver...

§ 38.2-1509. Powers of Commission when authorized to rehabilitate or liquidate insurers by court order; disbursement of available assets to an association, etc. - A. Whenever the Commission is authorized by order of the...

§ 38.2-1510. Commission may appoint assistants in connection with rehabilitation or liquidation - The Commission shall have power to appoint one or more...

§ 38.2-1511. Borrowing on pledge of assets - For the purpose of facilitating the delinquency proceeding of an...

§ 38.2-1512. Rights and liabilities fixed upon liquidation - The rights and liabilities of an insurer and of its...

§ 38.2-1513. Voidable transfers - A. Any transfer of or lien upon the property of...

§ 38.2-1514. Priority of claims for wages - Before the payment of any other debt or claim, other...

§ 38.2-1515. Mutual debts or credits, how treated - A. In all cases of mutual debts or mutual credits...

§ 38.2-1516. Receivers to file reports, etc., with Commission - Each receiver appointed in delinquency proceedings shall file with the...

§ 38.2-1517. What included in annual report of Commission - The Commission shall include in its annual report the names...

§ 38.2-1518. Rehabilitation or mutualization of companies - If at any time the Commission acting as the receiver...

§ 38.2-1519. Termination of rehabilitation; when liquidation may be entered - A. If either the Commission or the court determines that...

§ 38.2-1520. Liquidation of alien insurers - Proceedings in liquidation of the business of the United States...

§ 38.2-1521. Conservation of assets of foreign or alien insurer; when liquidation may be entered - A. Proceedings against a foreign or alien insurer for the...

§ 38.2-1522. Qualified financial contracts - A. Notwithstanding any other provision of this chapter, including any...