                                 CODE OF VIRGINIA

APPLICABILITY (§ 38.2-1338)

This article shall not apply to any investment or subsidiary relationship that
was in effect prior to June 1, 1977, between a domestic insurer and another
company. However, no domestic insurer may increase its investment or ownership
of voting securities or otherwise materially increase its control over the
affairs of the company without prior approval of the Commission.

HISTORY: 1977, c. 414, § 38.1-178.14; 1986, c. 562.