Rehabilitation and Liquidation of Insurers

  1. Law
  2. Code of Virginia
  3. Insurance
  4. Rehabilitation and Liquidation of Insurers

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Section
38.2-1500

Scope of chapter

Section
38.2-1501

Definitions

Section
38.2-1502

Jurisdiction and procedure

Section
38.2-1503

Grounds for delinquency proceedings commenced by Commission against domestic insurer

Section
38.2-1504

Requirements when proceedings instituted by any person other than Commission

Section
38.2-1505

Commission may apply for receiver and for other relief; what orders court may enter

Section
38.2-1506

Requirements when receiver appointed; disbursement of available assets to association, etc.

Section
38.2-1507

Further procedure; injunction may be issued

Section
38.2-1508

Powers of Commission when authorized to rehabilitate or liquidate companies

Section
38.2-1509

Powers of Commission when authorized to rehabilitate or liquidate insurers by court order; disbursement of available assets to an association, etc.

Section
38.2-1510

Commission may appoint assistants in connection with rehabilitation or liquidation

Section
38.2-1511

Borrowing on pledge of assets

Section
38.2-1512

Rights and liabilities fixed upon liquidation

Section
38.2-1513

Voidable transfers

Section
38.2-1514

Priority of claims for wages

Section
38.2-1515

Mutual debts or credits, how treated

Section
38.2-1516

Receivers to file reports, etc., with Commission

Section
38.2-1517

What included in annual report of Commission

Section
38.2-1518

Rehabilitation or mutualization of companies

Section
38.2-1519

Termination of rehabilitation; when liquidation may be entered

Section
38.2-1520

Liquidation of alien insurers

Section
38.2-1521

Conservation of assets of foreign or alien insurer; when liquidation may be entered

Section
38.2-1522

Qualified financial contracts