14 Va. Admin. Code § 5-318-70

Current through Register Vol. 40, No. 22, June 17, 2024
Section 14VAC5-318-70 - Prohibition against avoidance

No insurer that has covered policies to which this chapter applies, as set forth in 14VAC5-318-20, shall take any action or series of actions or enter into any transaction, arrangement, or series of transactions or arrangements if the purpose of such action, transaction, arrangement, or series thereof is to avoid the requirements of this chapter or to circumvent its purpose and intent, as set forth in 14VAC5-318-10.

14 Va. Admin. Code § 5-318-70

Derived From Virginia Register Volume 34, Issue 09, eff. 1/1/2018.

Statutory Authority: §§ 12.1-13, 38.2-223, and 38.2-1316.7 of the Code of Virginia.