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2014 SESSION

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SB 70 Insurer insolvencies; refunds of surplus funds.

Introduced by: Kenneth C. Alexander | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Insurer insolvencies; refunds of surplus funds. Designates the Department of Taxation as the agency to handle refunds of surplus funds from members of the Virginia Life, Accident and Sickness Insurance Guaranty Association with respect to an insurer's insolvency. Currently, the State Corporation Commission has such duties.


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