Virginia § 38.2-1005.1:8 - Diversion of business to affiliates
Full text of Virginia Code of Virginia § 38.2-1005.1:8 — Diversion of business to affiliates, with citation guidance and answers to common questions.
§ 38.2-1005.1:8. Diversion of business to affiliates
Without prior approval of the Commission, neither the converted company nor any person affiliated with or controlling the converted company shall divert business from the converted company to any insurance company affiliated with the converted company if the purpose or effect of such diversion would be to reduce significantly the number of members of the mutual holding company.
2001, c. 726.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 38.2-1005.1:8
What does Code of Virginia § 38.2-1005.1:8 cover?
Section 38.2-1005.1:8 ("Diversion of business to affiliates") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 38.2-1005.1:8?
A common citation format is "Code of Virginia § 38.2-1005.1:8" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 38.2-1005.1:8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.