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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>69044</law_id><section_number>38.2-1512</section_number><catch_line>Rights and liabilities fixed upon liquidation</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="15">Rehabilitation and Liquidation of Insurers</unit></structure><text>
						<section><p>The rights and liabilities of an <span class="dictionary">insurer</span> and of its <span class="dictionary">creditors</span>, policyholders, stockholders, members, and all other <span class="dictionary">persons</span> interested in the property and <span class="dictionary">assets</span> of the <span class="dictionary">insurer</span>, shall be fixed as of the date of the entry of the <span class="dictionary">order</span> directing the <span class="dictionary">liquidation</span> of the <span class="dictionary">insurer</span> unless otherwise provided by <span class="dictionary">law</span>. The rights of claimants holding <span class="dictionary">contingent claims</span> on that date shall be determined by this chapter.</p></section></text><history>1952, c. 317, &#xA7; 38.1-136; 1986, c. 562.</history><metadata></metadata></law>
