Virginia Code 38.2-1052: Exchange of securities
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A depositing insurer may from time to time exchange for any of the deposited securities other securities eligible for deposit under this article if in the opinion of the Commission the aggregate value of the deposit will not be reduced below the amount required by law.
Terms Used In Virginia Code 38.2-1052
- Commission: means the State Corporation Commission. See Virginia Code 38.2-100
- Insurer: means an insurance company. See Virginia Code 38.2-100
1952, c. 317, § 38.1-116; 1986, c. 562.