                                 CODE OF VIRGINIA

VIOLATION OF § 38.2-210 OR § 38.2-211 (§ 38.2-213)

Any company, officer or director violating any provision of § 38.2-210 or §
38.2-211 shall be guilty upon conviction of a Class 1 misdemeanor. Any funds of
any company invested or used in violation of either of § 38.2-210 or §
38.2-211 may not be reported as an admitted asset in accordance with guidance
set forth in the National Association of Insurance Commissioners accounting
practices and procedures manuals.

HISTORY: Code 1950, § 38-4.4; 1952, c. 317, § 38.1-36; 1986, c. 562; 2000, c.
46.