When director of a domestic insurer may be a director of another insurer

Va. Code Ann. § 38.2-701
in effect
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Any domestic insurer may have a director who is also a director of another domestic, foreign or alien insurer, unless the effect thereof (i) substantially lessens competition generally or (ii) tends to create a monopoly, in the business of insurance. 1952, c. 317, § 38.1-59; 1986, c. 562.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/38.2-701/Fetched: 10/16/2026

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