The following classes of insurance can be written by mutual assessment life, accident and sickness insurers:
Category A
1. Life insurance as defined in § 38.2-102;
2. Industrial life insurance as defined in § 38.2-104; and
3. Accident and sickness insurance as defined in § 38.2-109 except Medicare supplement insurance as defined in § 38.2-3600.
Category B
1. Credit life insurance as defined in § 38.2-103;
2. Variable life insurance as defined in § 38.2-105;
3. Credit accident and sickness insurance as defined in § 38.2-108; and
4. Medicare supplement insurance as defined in § 38.2-3600.
Category C
1. Annuities as defined in § 38.2-106; and
2. Variable annuities as defined in § 38.2-107.
1985, c. 400, § 38.1-549.3; 1986, c. 562.
Structure Code of Virginia
Chapter 39 - Mutual Assessment Life, Accident and Sickness Insurers
§ 38.2-3903. What laws applicable
§ 38.2-3904. Conversion of mutual assessment life, accident and sickness insurers
§ 38.2-3905. Incorporation of companies
§ 38.2-3906. Licensing of additional companies prohibited
§ 38.2-3907. Directors; terms; annual meetings; voting; executive committee
§ 38.2-3909. Inspection of books and papers
§ 38.2-3910. Policy forms to be filed
§ 38.2-3911. Time limit on certain defenses
§ 38.2-3912. Incontestability of policies
§ 38.2-3913. Required grace periods
§ 38.2-3914. Policy to specify amount of payment and when to be paid
§ 38.2-3915. Assessment contract
§ 38.2-3916. Classification of risks; rates
§ 38.2-3917. Right to limit assessment liability; when contingent assessment liability waived
§ 38.2-3918. Notice of assessment; how given
§ 38.2-3919. Agents' licenses required
§ 38.2-3920. Surplus to policyowners