Section 20. Transactions exempted from the operation of subsection B of the Act  


Latest version.
  • Any acquisition or disposition of any equity security by a director or officer of an insurer within six months prior to the date on which the Act shall first become applicable with respect to the equity securities of such insurer shall not be subject to the operation of subsection B of the Act (Section 38.2-214 of the Code of Virginia).

Historical Notes

Derived from Regulation 5, Case No. 18773, Rule 2, eff. April 1, 1970.

Statutory Authority

§ 38.2-214 of the Code of Virginia.