{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-700.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-700.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-700.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-700.html"}],"law_id":76490,"edition_id":1,"section_id":76490,"structure_id":15443,"section_number":"38.2-700","catch_line":"When domestic insurer may hold stock of another insurer","history":"1952, c. 317, \u00a7 38.1-58; 1983, c. 457; 1986, c. 562.","full_text":"Subject to Article 6 (\u00a7 38.2-1335 et seq.) of Chapter 13 and Chapter 14 (\u00a7 38.2-1400 et seq.) of this title, any domestic insurer may retain, invest in or acquire the whole or any part of the capital stock of any other insurer, unless the effect of such action (i) substantially lessens competition generally or (ii) tends to create a monopoly, in the business of insurance.","order_by":null,"text":{"0":{"id":274568,"text":"Subject to Article 6 (\u00a7 38.2-1335 et seq.) of Chapter 13 and Chapter 14 (\u00a7 38.2-1400 et seq.) of this title, any domestic insurer may retain, invest in or acquire the whole or any part of the capital stock of any other insurer, unless the effect of such action (i) substantially lessens competition generally or (ii) tends to create a monopoly, in the business of insurance.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15443,"edition_id":1,"name":"Antitrust Provisions","identifier":"7","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:55:04","date_modified":"2026-06-26 03:55:04","permalink":{"id":218449,"object_type":"structure","relational_id":15443,"identifier":"7","token":"38.2\/7","url":"\/38.2\/7\/","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":76490,"structure_id":15443,"section_number":"38.2-700","catch_line":"When domestic insurer may hold stock of another insurer","url":"\/38.2-700\/","token":"38.2\/7\/38.2-700","metadata":false},{"id":76865,"structure_id":15443,"section_number":"38.2-701","catch_line":"When director of a domestic insurer may be a director of another insurer","url":"\/38.2-701\/","token":"38.2\/7\/38.2-701","metadata":false},{"id":87018,"structure_id":15443,"section_number":"38.2-702","catch_line":"Violations; procedure; cease and desist orders","url":"\/38.2-702\/","token":"38.2\/7\/38.2-702","metadata":false},{"id":76558,"structure_id":15443,"section_number":"38.2-703","catch_line":"Cease and desist orders may be entered","url":"\/38.2-703\/","token":"38.2\/7\/38.2-703","metadata":false},{"id":85253,"structure_id":15443,"section_number":"38.2-704","catch_line":"Penalties","url":"\/38.2-704\/","token":"38.2\/7\/38.2-704","metadata":false},{"id":58828,"structure_id":15443,"section_number":"38.2-705","catch_line":"Antitrust provision","url":"\/38.2-705\/","token":"38.2\/7\/38.2-705","metadata":false}],"next_section":{"id":76865,"structure_id":15443,"section_number":"38.2-701","catch_line":"When director of a domestic insurer may be a director of another insurer","url":"\/38.2-701\/","token":"38.2\/7\/38.2-701","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-700\/","history_text":"<p>This law was first created in 1952. The record of its establishment is cataloged in chapter 317 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 1952 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. 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. Those modifications are as follows: in 1983, chapter 457; in 1986, chapter 562.<\/p>","references":[{"id":55347,"section_number":"38.2-4214","catch_line":"Application of certain provisions of law","order_by":null,"url":"\/38.2-4214\/"},{"id":60078,"section_number":"38.2-4408","catch_line":"Application of certain provisions","order_by":null,"url":"\/38.2-4408\/"},{"id":87018,"section_number":"38.2-702","catch_line":"Violations; procedure; cease and desist orders","order_by":null,"url":"\/38.2-702\/"},{"id":76558,"section_number":"38.2-703","catch_line":"Cease and desist orders may be entered","order_by":null,"url":"\/38.2-703\/"}],"refers_to":[{"id":85446,"section_number":"38.2-1335","catch_line":"Definitions","order_by":null,"url":"\/38.2-1335\/"},{"id":64362,"section_number":"38.2-1400","catch_line":"Scope and purpose of chapter","order_by":null,"url":"\/38.2-1400\/"}],"permalink":{"id":218451,"object_type":"law","relational_id":76490,"identifier":"38.2-700","token":"38.2\/7\/38.2-700","url":"\/38.2-700\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-700\/","token":"38.2\/7\/38.2-700","dublin_core":{"Title":"When domestic insurer may hold stock of another insurer","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-700","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Subject to Article 6 (\u00a7&nbsp;<a class=\"law\" title=\"Definitions\" href=\"\/38.2-1335\/\">38.2-1335<\/a> et seq.) of Chapter 13 and Chapter 14 (\u00a7&nbsp;<a class=\"law\" title=\"Scope and purpose of chapter\" href=\"\/38.2-1400\/\">38.2-1400<\/a> et seq.) of this title, any domestic <span class=\"dictionary\">insurer<\/span> may retain, invest in or acquire the whole or any part of the capital stock of any other <span class=\"dictionary\">insurer<\/span>, unless the effect of such action (i) substantially lessens competition generally or (ii) tends to create a monopoly, in the business of <span class=\"dictionary\">insurance<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nWHEN DOMESTIC INSURER MAY HOLD STOCK OF ANOTHER INSURER (\u00a7 38.2-700)\n\nSubject to Article 6 (\u00a7 38.2-1335 et seq.) of Chapter 13 and Chapter 14 (\u00a7\n38.2-1400 et seq.) of this title, any domestic insurer may retain, invest in or\nacquire the whole or any part of the capital stock of any other insurer, unless\nthe effect of such action (i) substantially lessens competition generally or\n(ii) tends to create a monopoly, in the business of insurance.\n\nHISTORY: 1952, c. 317, \u00a7 38.1-58; 1983, c. 457; 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}}