38.2-1328 - Exemption. - Virginia Statutes

§ 38.2-1328. Exemption.

The provisions of §§ 38.2-1323 through 38.2-1327 shall not apply to anyacquisition that the Commission, by order, exempts from those sections.Acquisitions granted exemption shall include those which (i) have not beenmade or entered into for the purpose of and do not have the effect ofchanging or influencing the control of a domestic insurer, or (ii) otherwiseare not comprehended within these sections.

(1977, c. 414, § 38.1-178.1:7; 1986, c. 562.)