                                 CODE OF VIRGINIA

TIME FOR HEARING; ORDER OF COMMISSION (§ 38.2-1327)

A. Any hearing held pursuant to &#xA7; 38.2-1326 shall begin within 40 days of
the date the application is filed with the Commission. In approving any
application filed pursuant to &#xA7; 38.2-1323, the Commission may include in
its order any conditions, stipulations, or provisions that the Commission
determines to be necessary to protect the interests of the policyholders of the
insurer and the public.

B. The Commission may retain at the acquiring person&#8217;s expense any
attorneys, actuaries, accountants, and other experts not otherwise a part of the
Commission&#8217;s staff as may be reasonably necessary to assist the Commission
in reviewing the proposed acquisition of control.

HISTORY: 1977, c. 414, § 38.1-178.1:6; 1986, c. 562; 2014, c. 309.