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§ 38.2-1000. Incorporation of domestic stock insurers - Domestic stock insurers shall be incorporated under the provisions of...
§ 38.2-1001. Incorporation of domestic mutual insurers - Domestic mutual insurers shall be incorporated under the provisions of...
§ 38.2-1002. Additional requirements of articles of incorporation; name - The articles of incorporation for a domestic mutual insurer shall...
§ 38.2-1003. When corporate status attained; bylaws filed with Commission - A domestic mutual insurer shall have legal existence as soon...
§ 38.2-1004. Voting - Each member of a domestic mutual insurer shall have one...
§ 38.2-1005. Certain mutual companies and societies not to become stock companies without approval of Commission - No mutual insurance company, mutual assessment property and casualty insurer,...
§ 38.2-1005.1. Conversion of a domestic mutual insurer to a domestic stock insurer - A. Any domestic mutual insurer may convert to a domestic...
§ 38.2-1005.1:1. Definitions - As used in this article: "Converted company" means a stock...
§ 38.2-1005.1:2. Formation of mutual holding company and conversion of mutual company - A mutual company, upon approval of the Commission, may reorganize...
§ 38.2-1005.1:3. Mutual holding company membership interest - A. A member of a mutual holding company shall not...
§ 38.2-1005.1:4. Contents of plan of MHC conversion - A plan of MHC conversion shall: A. Include: 1. The...
§ 38.2-1005.1:5. Adoption and approval of plan of MHC conversion - A. The board of directors of a mutual company may...
§ 38.2-1005.1:6. Corporate existence - A. Upon conversion of a mutual company to a converted...
§ 38.2-1005.1:7. Regulation and authority of a mutual holding company - A. A mutual holding company organized under Title 13.1 pursuant...
§ 38.2-1005.1:8. Diversion of business to affiliates - Without prior approval of the Commission, neither the converted company...
§ 38.2-1005.1:9. Conversion of mutual holding company - A mutual holding company may reorganize as a stock holding...
§ 38.2-1005.1:10. Conflicts of interest - No director, officer, agent or employee of a mutual company...
§ 38.2-1005.1:11. Costs and expenses - All costs and expenses incurred in connection with a plan...
§ 38.2-1005.1:12. Failure to give notice - If a mutual company complies substantially and in good faith...
§ 38.2-1005.1:13. Limitation on actions - Any action challenging the validity of or arising out of...
§ 38.2-1006. Conversion of a domestic stock insurer to a mutual insurer - A. Any domestic stock life insurer may become a mutual...
§ 38.2-1007. Notice to policyholders of meeting to approve conversion - At least thirty days before the meeting of policyholders required...
§ 38.2-1008. Conduct of and voting at meeting - The meeting required by § 38.2-1006 shall be conducted in...
§ 38.2-1009. Payment for shares pursuant to conversion plan - Every payment for the acquisition of any shares of the...
§ 38.2-1010. How acquired shares held - Until all shares are acquired, the acquired shares shall be...
§ 38.2-1011. Disposition of dividends after payments provided in conversion plan - After the payment of stockholder dividends as provided in the...
§ 38.2-1012. Jurisdiction to compel completion of mutualization - Whenever (i) a plan of mutualization approved in accordance with...
§ 38.2-1013. Venue of proceedings - The petition may be filed in the circuit court of...
§ 38.2-1014. Parties and process - Necessary parties to the proceeding shall be (i) the insurer,...
§ 38.2-1015. Determining value of stock outstanding; dismissal of petition or entry of decree requiring payment for and transfer of stock - The court shall determine the per share fair cash value...
§ 38.2-1016. Amendment of charter and bylaws; change of name; retirement and cancellation of stock; when mutualization effective; assets and liabilities; officers and directors; general restrictions and powers - A. Upon acquisition by the trustees of all of the...
§ 38.2-1016.1. Conversion of a health maintenance organization to an accident and sickness insurer - A. Any health maintenance organization domiciled in the Commonwealth and...
§ 38.2-1017. Applicability of Title 13.1 - Except as otherwise provided in this title, Article 12 (§...
§ 38.2-1018. Plan of merger to be approved by Commission - Before any joint agreement for the merger of domestic insurers...
§ 38.2-1019. Change of status from foreign to domestic insurer - A. Any foreign insurer licensed to transact the business of...
§ 38.2-1020. Transfer of domicile from Virginia to another state - Any domestic insurer, upon the approval of the Commission, may...
§ 38.2-1021. Change of domicile of foreign insurer to another foreign state - Any foreign insurer licensed to transact the business of insurance...
§ 38.2-1022. Commission to be notified of proposed transfer of domicile - Each insurer licensed to transact the business of insurance in...
§ 38.2-1023. Effect of transfer of domicile on certificate of authority, agents' appointments and licenses, etc. - When any insurer licensed to transact the business of insurance...
§ 38.2-1024. License required to transact the business of insurance; application fee requirements for license - A. No insurer unless authorized pursuant to Chapter 48 (§...
§ 38.2-1025. Annual renewal of license - Each insurer licensed to transact the business of insurance in...
§ 38.2-1026. Retaliatory provisions as to taxes, fees, deposits and other requirements - A. When a domestic insurer or its agents are subject...
§ 38.2-1027. Admission of foreign and alien insurers - Before transacting any insurance business in this Commonwealth, each foreign...
§ 38.2-1028. Additional licensing requirements for stock insurers - No stock insurer shall be licensed to transact the business...
§ 38.2-1029. Additional licensing requirements for mutual insurers - No mutual insurer shall be licensed to transact the business...
§ 38.2-1030. Surplus requirements for issuing policies without contingent liability - No domestic or foreign mutual insurer shall issue policies without...
§ 38.2-1031. Additional requirements, alien insurers - A. No alien insurer shall be licensed to transact the...
§ 38.2-1032. Additional licensing requirements for domestic insurers - No domestic insurer shall be licensed to transact the business...
§ 38.2-1033. Additional licensing requirements for foreign insurers - No foreign insurer shall be licensed to transact the business...
§ 38.2-1034. How domestic mutual insurers may acquire initial surplus - Any domestic mutual insurer or mutual assessment property and casualty...
§ 38.2-1035. Domestic insurers to maintain minimum capital and surplus; proceedings by Commission if impairment found - A. Each domestic insurer shall maintain at all times the...
§ 38.2-1036. Impairment of capital and surplus of foreign and alien company ground for suspension or revocation of license - Each foreign and each alien insurer shall maintain at all...
§ 38.2-1037. Exceptions for licensed and operating insurers - A. Notwithstanding the other provisions of this chapter with respect...
§ 38.2-1038. Authority of Commission to issue orders covering insurers in hazardous financial condition - If, after reviewing an insurer's financial condition, method of operation,...
§ 38.2-1039. Enjoining unlicensed foreign or alien insurers from transacting the business of insurance in Commonwealth - A. For the purposes of issuing a temporary or permanent...
§ 38.2-1039.1. Risk retention groups - Except in the case of a risk retention group all...
§ 38.2-1040. Refusal, suspension or revocation of license - A. The Commission may refuse to issue a license to...
§ 38.2-1041. Notice to company of proposed suspension or revocation - The Commission shall not revoke or suspend the license of...
§ 38.2-1042. Agent's authority likewise suspended or revoked - Upon the suspension or revocation of the license of any...
§ 38.2-1043. Suspension or revocation published - Unless an appeal is taken within thirty days, the Commission...
§ 38.2-1044. New business prohibited - No new business shall be done by any insurer or...
§ 38.2-1045. Deposits required of insurers generally - A. Except as otherwise provided in this title, before the...
§ 38.2-1046. Purpose of deposits; enforcement of lien - A. An insurer's deposits required by § 38.2-1045 shall be...
§ 38.2-1047. How deposits applied to payment of claims; deficit to be made good - A. This section shall apply only where: 1. The insurer...
§ 38.2-1048. Return of deposits - A. The Commission, at its discretion, may direct the State...
§ 38.2-1049. Alternate deposit requirements - A. The insurer, at the discretion of the Commission, may...
§ 38.2-1050. Voluntary deposit in excess of amount required - Any domestic insurer, in order to comply with the laws...
§ 38.2-1051. Repealed - Repealed by Acts 1992, c. 14.
§ 38.2-1052. Exchange of securities - A depositing insurer may from time to time exchange for...
§ 38.2-1053. Interest on deposits; to whom paid - The State Treasurer, at the time of receiving any securities...
§ 38.2-1054. Duty of State Treasurer when securities deposited are paid - When the principal of any securities deposited under this title...
§ 38.2-1055. Annual report of State Treasurer to Commission - Each January the State Treasurer shall certify to the Commission...
§ 38.2-1056. Treasurer to receipt for deposits; responsibility of Commonwealth; taxation of deposited bonds - The State Treasurer shall provide receipts to the insurer for...
§ 38.2-1057. Assessment for expense of holding deposits; Insurance Collateral Assessment Fund - A. For the purpose of defraying the expense of the...
§ 38.2-1058. Felony for State Treasurer to dispose of securities illegally - If the State Treasurer disposes of any securities deposited with...