Statutes > Virginia Statutes > Title 38.2 - INSURANCE. > Chapter 10 - Organization, Admission and Licensing of Insurers (38.2-1000 thru 38.2-1058) > 38.2-1039.1 - Risk retention groups.

38.2-1039.1 - Risk retention groups.

§ 38.2-1039.1. Risk retention groups.

Except in the case of a risk retention group all of whose members areinsurers, no risk retention group, as defined in Chapter 51 of this title,shall be licensed in this Commonwealth if an insurer is directly orindirectly a member or owner of such risk retention group.

(1987, c. 585.)