                                 CODE OF VIRGINIA

TERMINATION OF REHABILITATION; WHEN LIQUIDATION MAY BE ENTERED (§ 38.2-1519)

A. If either the Commission or the court determines that the purposes of the
rehabilitation proceeding have been accomplished and that the insurer can safely
and properly resume possession of its property and the conduct of its business,
an order may be entered terminating the rehabilitation proceeding and permitting
the insurer to resume possession of its property and the management and conduct
of its affairs. The order shall not be entered until a full hearing is held,
subject to proper notice given in the manner prescribed by the Commission or the
court.

B. If at any time it appears to either the Commission or the court that further
efforts to rehabilitate the insurer would be useless, an order of liquidation
may be entered.

HISTORY: Code 1950, § 38-139; 1952, c. 317, § 38.1-143; 1986, c. 562.