Virginia Code

Va. Code Ann. § 38.2-1510 (2026)

Commission may appoint assistants in connection with rehabilitation or liquidation

✓ current as of May 2026

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The Commission shall have power to appoint one or more special deputies as its agent and to employ the counsel, clerks, and assistants considered necessary to efficiently conduct the rehabilitation or liquidation. The Commission may delegate to its agent any of its powers which are necessary to carry out the rehabilitation or liquidation. The compensation of the special deputy commissioners, counsel, clerks and assistants, and all expenses relating to the rehabilitation or liquidation of any insurer shall be set by the Commission and upon certification by the Commission be paid out of the insurer's assets.

Code 1950, § 38-141; 1952, c. 317, § 38.1-134; 1986, c. 562.

Notes of Decisions

Cited in 1 case, 1997–1997 · leading case: Swiss Re Life Co. Am. v. Gross, 479 S.E.2d 857 (Va. 1997).

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Swiss Re Life Co. Am. v. Gross, 479 S.E.2d 857 (Va. 1997). · cites it 2× “On that same day, the Commission appointed the Commissioner of Insurance as deputy receiver of Fidelity, pursuant to Code § 38.2-1510. Subsequently, Protective made demand under its treaty with Swiss Re for excess mortality losses for calendar year 1991 in the amount of…”

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