Each receiver appointed in delinquency proceedings shall file with the Commission annually a report of the affairs of the insurer in the form prescribed by the Commission. Each receiver shall file with the Commission copies of all reports, petitions, court orders, and other pertinent papers dealing with the delinquency proceeding.

Terms Used In Virginia Code 38.2-1516

  • Commission: means the State Corporation Commission. See Virginia Code 38.2-100
  • Delinquency proceeding: means any proceeding commenced against an insurance company for the purpose of liquidating, rehabilitating, reorganizing, or conserving an insurer. See Virginia Code 38.2-1501
  • Insurer: means an insurance company. See Virginia Code 38.2-100
  • Receiver: means the Commission or any person appointed to manage delinquency proceedings. See Virginia Code 38.2-1501

Code 1950, § 38-142; 1952, c. 317, § 38.1-140; 1986, c. 562.

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