Section 70. Foreign companies

Latest version.

Article VII. Foreign Companies

If the law or regulation in the place of domicile of a foreign company provides a degree of protection to the policyholders and the public which is substantially equal to that provided by this chapter, the Commission, to the extent deemed appropriate by it in its discretion, may consider compliance with such law or regulation as compliance with this chapter.

Historical Notes

Derived from Regulation 3, Case No. 18623; December 19, 1968, eff. March 1, 1969.

Statutory Authority

§ 38.2-3113 of the Code of Virginia.

                    
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