38.2-1512 - Rights and liabilities fixed upon liquidation. - Virginia Statutes

§ 38.2-1512. Rights and liabilities fixed upon liquidation.

The rights and liabilities of an insurer and of its creditors, policyholders,stockholders, members, and all other persons interested in the property andassets of the insurer, shall be fixed as of the date of the entry of theorder directing the liquidation of the insurer unless otherwise provided bylaw. The rights of claimants holding contingent claims on that date shall bedetermined by this chapter.

(1952, c. 317, § 38.1-136; 1986, c. 562.)