{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1338.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1338.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1338.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1338.html"}],"law_id":56094,"edition_id":1,"section_id":56094,"structure_id":14592,"section_number":"38.2-1338","catch_line":"Applicability","history":"1977, c. 414, \u00a7 38.1-178.14; 1986, c. 562.","full_text":"This article shall not apply to any investment or subsidiary relationship that was in effect prior to June 1, 1977, between a domestic insurer and another company. However, no domestic insurer may increase its investment or ownership of voting securities or otherwise materially increase its control over the affairs of the company without prior approval of the Commission.","order_by":null,"text":{"0":{"id":205592,"text":"This article shall not apply to any investment or subsidiary relationship that was in effect prior to June 1, 1977, between a domestic insurer and another company. However, no domestic insurer may increase its investment or ownership of voting securities or otherwise materially increase its control over the affairs of the company without prior approval of the Commission.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14592,"edition_id":1,"name":"Subsidiaries of Insurance Companies","identifier":"6","label":"article","depth":3,"order_by":1,"parent_id":13289,"metadata":{},"date_created":"2026-06-26 03:48:48","date_modified":"2026-06-26 03:48:48","permalink":{"id":211759,"object_type":"structure","relational_id":14592,"identifier":"6","token":"38.2\/13\/6","url":"\/38.2\/13\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13289,"edition_id":1,"name":"Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents","identifier":"13","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:44:35","date_modified":"2026-06-26 03:44:35","permalink":{"id":211347,"object_type":"structure","relational_id":13289,"identifier":"13","token":"38.2\/13","url":"\/38.2\/13\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":85446,"structure_id":14592,"section_number":"38.2-1335","catch_line":"Definitions","url":"\/38.2-1335\/","token":"38.2\/13\/6\/38.2-1335","metadata":false},{"id":84008,"structure_id":14592,"section_number":"38.2-1336","catch_line":"Subsidiaries of insurers","url":"\/38.2-1336\/","token":"38.2\/13\/6\/38.2-1336","metadata":false},{"id":79125,"structure_id":14592,"section_number":"38.2-1337","catch_line":"Disclaimer of control","url":"\/38.2-1337\/","token":"38.2\/13\/6\/38.2-1337","metadata":false},{"id":56094,"structure_id":14592,"section_number":"38.2-1338","catch_line":"Applicability","url":"\/38.2-1338\/","token":"38.2\/13\/6\/38.2-1338","metadata":false},{"id":57950,"structure_id":14592,"section_number":"38.2-1339","catch_line":"Exemptions","url":"\/38.2-1339\/","token":"38.2\/13\/6\/38.2-1339","metadata":false},{"id":71810,"structure_id":14592,"section_number":"38.2-1340","catch_line":"Revocation, suspension, or nonrenewal of insurer's license","url":"\/38.2-1340\/","token":"38.2\/13\/6\/38.2-1340","metadata":false}],"previous_section":{"id":79125,"structure_id":14592,"section_number":"38.2-1337","catch_line":"Disclaimer of control","url":"\/38.2-1337\/","token":"38.2\/13\/6\/38.2-1337","metadata":false},"next_section":{"id":57950,"structure_id":14592,"section_number":"38.2-1339","catch_line":"Exemptions","url":"\/38.2-1339\/","token":"38.2\/13\/6\/38.2-1339","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1338\/","history_text":"<p>This law was first created in 1977. The record of its establishment is cataloged in chapter 414 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. Unfortunately, the 1977 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1986, chapter 562.<\/p>","references":false,"refers_to":false,"permalink":{"id":211773,"object_type":"law","relational_id":56094,"identifier":"38.2-1338","token":"38.2\/13\/6\/38.2-1338","url":"\/38.2-1338\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1338\/","token":"38.2\/13\/6\/38.2-1338","dublin_core":{"Title":"Applicability","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1338","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>This article shall not apply to any investment or subsidiary relationship that was in effect prior to June 1, 1977, between a domestic <span class=\"dictionary\">insurer<\/span> and another <span class=\"dictionary\">company<\/span>. However, no domestic <span class=\"dictionary\">insurer<\/span> may increase its investment or ownership of voting securities or otherwise materially increase its control over the affairs of the <span class=\"dictionary\">company<\/span> without prior approval of the <span class=\"dictionary\">Commission<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nAPPLICABILITY (\u00a7 38.2-1338)\n\nThis article shall not apply to any investment or subsidiary relationship that\nwas in effect prior to June 1, 1977, between a domestic insurer and another\ncompany. However, no domestic insurer may increase its investment or ownership\nof voting securities or otherwise materially increase its control over the\naffairs of the company without prior approval of the Commission.\n\nHISTORY: 1977, c. 414, \u00a7 38.1-178.14; 1986, c. 562.","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}}