10 Va. Admin. Code § 5-22-50

Current through Register Vol. 41, No. 6, November 4, 2024

Section 10VAC5-22-50 - Insurance required

In addition to the surety bond required by § 6.2-1016 of the Code of Virginia, a trust company shall maintain insurance coverage that, in kind and amount, provides adequate protection against the risks of the business. The coverage may be provided through the holding company of an affiliated trust company.

10 Va. Admin. Code § 5-22-50

Derived from VR225-01-0205 § 5, eff. April 20, 1995; amended, Virginia Register Volume 28, Issue 1, eff. September 1, 2011.

Statutory Authority

§§ 6.2-1034 and 12.1-13 of the Code of Virginia.