Virginia Code 38.2-4137: Exemption of member representatives of certain societies
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The provisions of § 38.2-4132 shall not apply to the member representatives of any society organized or licensed under this chapter which insures its members against death, dismemberment and disability resulting from accident only, and which pays no commission or other compensation for the solicitation and procurement of such contracts.
Terms Used In Virginia Code 38.2-4137
- Commission: means the State Corporation Commission. See Virginia Code 38.2-100
- Society: means fraternal benefit society, unless otherwise indicated. See Virginia Code 38.2-4103
1968, c. 654, § 38.1-638.38; 1986, c. 562.