{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1005.1_8.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1005.1_8.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1005.1_8.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1005.1_8.html"}],"law_id":57547,"edition_id":1,"section_id":57547,"structure_id":12859,"section_number":"38.2-1005.1:8","catch_line":"Diversion of business to affiliates","history":"2001, c. 726.","full_text":"Without prior approval of the Commission, neither the converted company nor any person affiliated with or controlling the converted company shall divert business from the converted company to any insurance company affiliated with the converted company if the purpose or effect of such diversion would be to reduce significantly the number of members of the mutual holding company.","order_by":null,"text":{"0":{"id":210839,"text":"Without prior approval of the Commission, neither the converted company nor any person affiliated with or controlling the converted company shall divert business from the converted company to any insurance company affiliated with the converted company if the purpose or effect of such diversion would be to reduce significantly the number of members of the mutual holding company.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":12859,"edition_id":1,"name":"Formation of Mutual Insurance Holding Company; 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This law was first created in 2001. The record of its establishment is cataloged in chapter 726<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":210929,"object_type":"law","relational_id":57547,"identifier":"38.2-1005.1:8","token":"38.2\/10\/1.1\/38.2-1005.1_8","url":"\/38.2-1005.1_8\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1005.1_8\/","token":"38.2\/10\/1.1\/38.2-1005.1_8","dublin_core":{"Title":"Diversion of business to affiliates","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1005.1:8","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Without prior approval of the Commission<\/span>, neither the converted company<\/span> nor any person<\/span> affiliated with or controlling the converted company<\/span> shall divert business from the converted company<\/span> to any insurance company<\/span> affiliated with the converted company<\/span> if the purpose or effect of such diversion<\/span> would be to reduce significantly the number of members<\/span> of the mutual holding company<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDIVERSION OF BUSINESS TO AFFILIATES (\u00a7 38.2-1005.1:8)\n\nWithout prior approval of the Commission, neither the converted company nor any\nperson affiliated with or controlling the converted company shall divert\nbusiness from the converted company to any insurance company affiliated with the\nconverted company if the purpose or effect of such diversion would be to reduce\nsignificantly the number of members of the mutual holding company.\n\nHISTORY: 2001, c. 726.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}