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Current as of January 01, 2025 | Updated by Findlaw Staff
Notwithstanding the provisions of §§ 13.1-675 and 13.1-855, any corporation that operates any plan pursuant to the terms of this chapter shall have a board of directors consisting of no more than fifteen members of whom a majority shall be subscribers to the plan who are not providers of legal services and not employees or officers of any plan. This section does not apply to a plan operated by a group of attorneys except as provided in § 38.2-4403.
Cite this article: FindLaw.com - Virginia Code Title 38.2. Insurance § 38.2-4406. Board of directors of corporation operating plan - last updated January 01, 2025 | https://codes.findlaw.com/va/title-38-2-insurance/va-code-sect-38-2-4406/
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