Statutes > Virginia Statutes > Title 38.2 - INSURANCE. > Chapter 20 - Regulation of Rates for Certain Types of Insurance (38.2-2000 thru 38.2-2027) > 38.2-2017 - No rule prohibiting or regulating payment of dividends, etc., to be adopted.

38.2-2017 - No rule prohibiting or regulating payment of dividends, etc., to be adopted.

§ 38.2-2017. No rule prohibiting or regulating payment of dividends, etc., tobe adopted.

No rate service organization subject to this chapter shall adopt any ruleprohibiting or regulating the payment of dividends, savings or unabsorbedpremium deposits allowed or returned by insurers to their policyholders,members or subscribers.

(Code 1950, §§ 38-253.12, 38-253.58; 1952, c. 317, § 38.1-267; 1986, c. 562.)