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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>54130</law_id><section_number>38.2-4305</section_number><catch_line>Fiduciary responsibilities</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="43">Health Maintenance Organizations</unit></structure><text>
						<section><p>Any director, officer or partner of a <span class="dictionary">health maintenance organization</span> who receives, collects, disburses, or invests funds in connection with the activities of the organization shall be responsible for the funds in a fiduciary relationship with the <span class="dictionary">subscribers</span> and <span class="dictionary">enrollees</span>.</p></section></text><history>1980, c. 720, &#xA7; 38.1-868; 1986, c. 562.</history><metadata></metadata></law>
