Va. Code Ann. tit. 38.2, ch. 15 – Rehabilitation and Liquidation of Insurers | Midpage

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Code of Virginia

Chapter 15

Va. Code Ann. tit. 38.2, ch. 15

Rehabilitation and Liquidation of Insurers

38.2-1500Scope of chapter 38.2-1501Definitions 38.2-1502Jurisdiction and procedure 38.2-1503Grounds for delinquency proceedings commenced by Commission against domestic insurer 38.2-1504Requirements when proceedings instituted by any person other than Commission 38.2-1505Commission may apply for receiver and for other relief; what orders court may enter 38.2-1506Requirements when receiver appointed; disbursement of available assets to association, etc 38.2-1507Further procedure; injunction may be issued 38.2-1508Powers of Commission when authorized to rehabilitate or liquidate companies 38.2-1509Powers of Commission when authorized to rehabilitate or liquidate insurers by court order; disbursement of available assets to an association, etc 38.2-1510Commission may appoint assistants in connection with rehabilitation or liquidation 38.2-1511Borrowing on pledge of assets 38.2-1512Rights and liabilities fixed upon liquidation 38.2-1513Voidable transfers 38.2-1514Priority of claims for wages 38.2-1515Mutual debts or credits, how treated 38.2-1516Receivers to file reports, etc., with Commission 38.2-1517What included in annual report of Commission 38.2-1518Rehabilitation or mutualization of companies 38.2-1519Termination of rehabilitation; when liquidation may be entered 38.2-1520Liquidation of alien insurers 38.2-1521Conservation of assets of foreign or alien insurer; when liquidation may be entered 38.2-1522Qualified financial contracts