Va. Code § 38.2-1028

Current with changes from the 2024 legislative session through ch. 845

Section 38.2-1028 - Additional licensing requirements for stock insurers

No stock insurer shall be licensed to transact the business of insurance in this Commonwealth unless it has fully paid in capital stock of at least one million dollars and surplus of at least three million dollars.

Code 1950, §§ 38-29, 38-33, 38-36, 38-330; 1952, c. 317, §§ 38.1-88, 38.1-89; 1966, c. 580; 1977, c. 322; 1978, c. 20; 1986, c. 562; 1991, c. 261.

Amended by Acts 1991, § c. 261.

Amended by Acts 1986, § c. 562.

Amended by Acts 1978, § c. 20.

Amended by Acts 1977, § c. 322.

Amended by Acts 1966, § c. 580.

Amended by Acts 1952, § c. 317, 38.1-88, 38.1-89.