38.2-213 - Violation of § 38.2-210 or § 38.2-211. - Virginia Statutes

§ 38.2-213. Violation of § 38.2-210 or § 38.2-211.

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 fundsof 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 guidanceset forth in the National Association of Insurance Commissioners accountingpractices and procedures manuals.

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