{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-701.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-701.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-701.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-701.html"}],"law_id":76865,"edition_id":1,"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","history":"1952, c. 317, \u00a7 38.1-59; 1986, c. 562.","full_text":"Any domestic insurer may have a director who is also a director of another domestic, foreign or alien insurer, unless the effect thereof (i) substantially lessens competition generally or (ii) tends to create a monopoly, in the business of insurance.","order_by":null,"text":{"0":{"id":275932,"text":"Any domestic insurer may have a director who is also a director of another domestic, foreign or alien insurer, unless the effect thereof (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}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-701\/","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 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":[{"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":false,"permalink":{"id":218455,"object_type":"law","relational_id":76865,"identifier":"38.2-701","token":"38.2\/7\/38.2-701","url":"\/38.2-701\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-701\/","token":"38.2\/7\/38.2-701","dublin_core":{"Title":"When director of a domestic insurer may be a director of another insurer","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-701","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Any domestic <span class=\"dictionary\">insurer<\/span> may have a director who is also a director of another domestic, foreign or alien <span class=\"dictionary\">insurer<\/span>, unless the effect thereof (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 DIRECTOR OF A DOMESTIC INSURER MAY BE A DIRECTOR OF ANOTHER INSURER (\u00a7\n38.2-701)\n\nAny domestic insurer may have a director who is also a director of another\ndomestic, foreign or alien insurer, unless the effect thereof (i) substantially\nlessens competition generally or (ii) tends to create a monopoly, in the\nbusiness of insurance.\n\nHISTORY: 1952, c. 317, \u00a7 38.1-59; 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}}