Rehabilitation and Liquidation of Insurers

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This is Chapter 15 of the Code of Virginia, titled “Rehabilitation and Liquidation of Insurers.” It is part of Title 38.2 “Insurance”.

It’s comprised of the following 23 sections.

§ 38.2-1500	Scope of chapter
§ 38.2-1501	Definitions
§ 38.2-1502	Jurisdiction and procedure
§ 38.2-1503	Grounds for delinquency proceedings commenced by Commission against domestic insurer
§ 38.2-1504	Requirements when proceedings instituted by any person other than Commission
§ 38.2-1505	Commission may apply for receiver and for other relief; what orders court may enter
§ 38.2-1506	Requirements when receiver appointed; disbursement of available assets to association, etc
§ 38.2-1507	Further procedure; injunction may be issued
§ 38.2-1508	Powers of Commission when authorized to rehabilitate or liquidate companies
§ 38.2-1509	Powers of Commission when authorized to rehabilitate or liquidate insurers by court order; disbursement of available assets to an association, etc
§ 38.2-1510	Commission may appoint assistants in connection with rehabilitation or liquidation
§ 38.2-1511	Borrowing on pledge of assets
§ 38.2-1512	Rights and liabilities fixed upon liquidation
§ 38.2-1513	Voidable transfers
§ 38.2-1514	Priority of claims for wages
§ 38.2-1515	Mutual debts or credits, how treated
§ 38.2-1516	Receivers to file reports, etc., with Commission
§ 38.2-1517	What included in annual report of Commission
§ 38.2-1518	Rehabilitation or mutualization of companies
§ 38.2-1519	Termination of rehabilitation; when liquidation may be entered
§ 38.2-1520	Liquidation of alien insurers
§ 38.2-1521	Conservation of assets of foreign or alien insurer; when liquidation may be entered
§ 38.2-1522	Qualified financial contracts