Va. Code § 38.2-1029

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

Section 38.2-1029 - Additional licensing requirements for mutual insurers

No mutual insurer shall be licensed to transact the business of insurance in this Commonwealth unless it has a surplus of at least $1,600,000.

Code 1950, § 38-514; 1952, c. 317, § 38.1-94; 1966, c. 580; 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 1966, § c. 580.

Amended by Acts 1952, § c. 317, § 38.1-94.