Section 330. Foreign companies

Latest version.

Article X. 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 similar 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 these regulations.

Historical Notes

Derived from Regulation 26, Case No. INS920077, Article XI, § 1, eff. June 15, 1992.

Statutory Authority

§§ 12.1-13 and 38.2-3313 of the Code of Virginia.

                    
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