Statutes > Virginia Statutes > Title 38.2 - INSURANCE. > Chapter 43 - Health Maintenance Organizations (38.2-4300 thru 38.2-4323) > 38.2-4305 - Fiduciary responsibilities.

38.2-4305 - Fiduciary responsibilities.

§ 38.2-4305. Fiduciary responsibilities.

Any director, officer or partner of a health maintenance organization whoreceives, collects, disburses, or invests funds in connection with theactivities of the organization shall be responsible for the funds in afiduciary relationship with the subscribers and enrollees.

(1980, c. 720, § 38.1-868; 1986, c. 562.)