Va. Code Ann. §§ 38.2-700 through 705: Antitrust Provisions – Virginia

Status: Enacted
Year Enacted: 1952
Year Amended: 1986
File: Download

Contains antitrust provisions directing when a domestic insurer may hold stock of another insurer or when a director of a domestic insurer may be a director of another insurer. The statute limits activities that would “(i) substantially lessens competition generally or (ii) tends to create a monopoly, in the business of insurance.”

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