CODE OF VIRGINIA POWERS WITH RESPECT TO PROPERTY (§ 38.2-1409) Subject to any applicable limitations and restrictions in this chapter, a domestic insurer may own, hold, maintain, manage, operate, lease, sell, convey, and collect and receive income from any property acquired as permitted in this chapter. HISTORY: 1983, c. 457, § 38.1-217.10; 1986, c. 562.