Any insurer that was not licensed and engaged in the business of mutual assessment life, accident and sickness insurance in this Commonwealth under the provisions of former Title 38.1 on July 1, 1952, shall not be issued a license pursuant to this chapter to transact the business of insurance in this Commonwealth. On or after that date a license shall not be issued except for renewal of a license held by the insurer for the preceding year.
1985, c. 400, § 38.1-549.7; 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