Administrative Code

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Virginia Administrative Code
Title 14. Insurance
Agency 5. State Corporation Commission, Bureau of Insurance
Chapter 250. Rules, Regulations and Forms Relating to Restrictions on the Purchase and Sale of Equity Securities of Domestic Stock Insurance Companies
8/11/2020

14VAC5-250-200. Exemption of Certain Securities from Subsection C of the Act.

Any security shall be exempt from the operation of subsection C of the Act (Section 38.2-214 of the Code of Virginia) to the extent necessary to render lawful under such subsection the execution by a broker of an order for an account in which he has no direct or indirect interest.

Statutory Authority

§ 38.2-214 of the Code of Virginia.

Historical Notes

Derived from Regulation 5, Case No. 18773, Rule 20, eff. April 1, 1970.

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