Code of Virginia
Title 38.2 - Insurance
Chapter 13 - Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents

§ 38.2-1303. Printed forms to be filed by insurers; certificates to domestic insurers - A. The Commission shall be responsible for prescribing the type...

§ 38.2-1304. False statements, reports, etc., deemed a Class 5 felony - Any officer, manager, attorney, agent or employee of any insurer...

§ 38.2-1305. Voluntary reports - Any insurer may elect to file with the Commission, in...

§ 38.2-1306. Reports to be open to public inspection - The Commission shall keep on file for at least three...

§ 38.2-1306.1. Insurance companies' analyses confidential - A. All regulatory or financial analyses, ratios and examination synopses...

§ 38.2-1306.2. Valuation of investments and other assets - The value of investments and other assets, other than those...

§ 38.2-1306.3. Nonadmitted assets - A. "Nonadmitted assets" or "not admitted assets" means those assets...

§ 38.2-1307. Repealed - Repealed by Acts 2000, c. 46, cl. 2, effective January...

§ 38.2-1310. Repealed - Repealed by Acts 1993, c. 158.

§ 38.2-1310.1. Repealed - Repealed by Acts 2000, c. 46, cl. 2, effective January...

§ 38.2-1311. Valuation reserves - A. Every insurer licensed to transact the kinds of insurance...

§ 38.2-1312. Unearned premium reserves - A. Except for risks or policies for which reserves are...

§ 38.2-1313. Loss records - Each insurer licensed to transact business in this Commonwealth shall,...

§ 38.2-1314. Loss or claim reserves - Except as provided in §§ 38.2-1311 and 38.2-4609, each insurer...

§ 38.2-1315. Mortgage guaranty insurance contingency reserve - A. To protect against the effect of adverse economic cycles,...

§ 38.2-1315.1. Actuarial statements of opinion, reports, memoranda, and summaries - A. Effective December 31, 2004, and except as otherwise provided...

§ 38.2-1316. Repealed - Repealed by Acts 1991, c. 264.

§ 38.2-1316.1. Definitions - As used in this article unless the context requires another...

§ 38.2-1316.2. Credit allowed a domestic ceding insurer - A. Credit for reinsurance shall be allowed a domestic ceding...

§ 38.2-1316.3. Repealed - Repealed by Acts 2012, c. 539, cl. 2.

§ 38.2-1316.4. Credit allowed any ceding insurer - Credit shall be allowed any ceding insurer under the following...

§ 38.2-1316.5. Repealed - Repealed by Acts 2012, c. 539, cl. 2.

§ 38.2-1316.7. Rules and regulations - A. The Commission may adopt rules and regulations implementing the...

§ 38.2-1316.8. Reinsurance agreements affected - The provisions of this article shall apply to all cessions...

§ 38.2-1317. Examinations; when authorized or required - A. Whenever the Commission considers it expedient for the protection...

§ 38.2-1317.1. Examinations; nature and scope - A. In scheduling and determining the nature, scope and frequency...

§ 38.2-1317.2. Market analyses confidential - A. All market analyses concerning companies or insurance transactions that...

§ 38.2-1318. Examinations; how conducted - A. Whenever the Commission examines the affairs of any person,...

§ 38.2-1319. Expense of examination - A. Any person examined shall be liable for the necessary...

§ 38.2-1320. Examination reports; general description - The Commission's examiners shall make a true report of every...

§ 38.2-1320.1. Submission of examination report - No later than ninety days following completion of any examination,...

§ 38.2-1320.2. Filing of report on examination - Within thirty days of the end of the period allowed...

§ 38.2-1320.3. Examination reports; orders and procedures - A. A certified copy of the examination report filed pursuant...

§ 38.2-1320.4. Publication and use of examination reports - A. Upon the filing of the examination report under subdivision...

§ 38.2-1320.5. Confidentiality of ancillary information - All working papers, recorded information, documents and copies thereof produced...

§ 38.2-1321. Records of examination preserved - The Commission shall keep and preserve in permanent form the...

§ 38.2-1321.1. Immunity from liability - A. No cause of action shall arise nor shall any...

§ 38.2-1322. Definitions - As used in this article: "Acquiring person" means any person...

§ 38.2-1323. Acquisition of control of insurers - A. No person other than the issuer shall make a...

§ 38.2-1324. Contents of application - A. The application filed with the Commission under § 38.2-1323...

§ 38.2-1325. Alternate filing materials - If any acquisition referred to in § 38.2-1323 is proposed...

§ 38.2-1326. Approval by Commission - The Commission shall approve the application required by § 38.2-1323...

§ 38.2-1327. Time for hearing; order of Commission - A. Any hearing held pursuant to § 38.2-1326 shall begin...

§ 38.2-1328. Exemption - The provisions of §§ 38.2-1323 through 38.2-1327 shall not apply...

§ 38.2-1329. Registration of insurers that are members of holding company system - A. Each insurer licensed to do business in the Commonwealth...

§ 38.2-1330. Standards for transactions within an insurance holding company system; adequacy of surplus - A. Transactions within an insurance holding company system to which...

§ 38.2-1330.1. Dividends and other distributions - A. Except as otherwise provided by law, a domestic insurer...

§ 38.2-1331. Repealed - Repealed by Acts 2014, c. 309, cl. 2. For applicability,...

§ 38.2-1332. Examinations - A. In addition to the powers the Commission has under...

§ 38.2-1332.1. Supervisory colleges - A. With respect to any insurer registered under § 38.2-1329,...

§ 38.2-1332.2. Group-wide supervision of internationally active insurance groups - A. The Commission is authorized to act as the group-wide...

§ 38.2-1333. Confidential treatment of information and documents - A. All documents, materials, or other information obtained by or...

§ 38.2-1334. Revocation, suspension, or nonrenewal of insurer's license - Whenever it appears to the Commission that any person has...

§ 38.2-1334.1. Voting of securities, injunctions, and sequestration of voting securities - A. No security that is the subject of any agreement...

§ 38.2-1334.2. Recovery - A. If an order for liquidation or rehabilitation of a...

§ 38.2-1334.2:1. Rules and regulations - The Commission may adopt rules and regulations implementing the provisions...

§ 38.2-1334.2:2. Sanctions - Whenever it appears to the Commission that any person has...

§ 38.2-1334.2:3. Statutory construction and relationship to other laws - Provisions of this title, insofar as they are not inconsistent...

§ 38.2-1334.3. Definitions - As used in this article, unless the context requires a...

§ 38.2-1334.4. Risk management framework - An insurer shall maintain a risk management framework to assist...

§ 38.2-1334.5. ORSA requirement - Subject to § 38.2-1334.7, an insurer, or the insurance group...

§ 38.2-1334.6. ORSA summary report - A. Upon the Commission's request, and no more than once...

§ 38.2-1334.7. Scope of article; exemption - A. The requirements of this article shall apply to all...

§ 38.2-1334.8. Contents of ORSA summary report - A. The ORSA summary report shall be prepared consistent with...

§ 38.2-1334.9. Confidentiality - A. The ORSA summary report is recognized by the Commonwealth...

§ 38.2-1334.10. Sanctions - Any insurer failing, without just cause, to timely file the...

§ 38.2-1334.11. Definitions - As used in this article, unless the context requires a...

§ 38.2-1334.12. Disclosure requirement - A. The requirements of this article shall apply to all...

§ 38.2-1334.13. Contents of Corporate Governance Annual Disclosure - A. The insurer or insurance group shall have discretion over...

§ 38.2-1334.14. Confidentiality - A. The CGAD is recognized by the Commonwealth as containing...

§ 38.2-1334.15. NAIC and third-party consultants - A. The Commission may retain, at the insurer's expense, third-party...

§ 38.2-1334.16. Rules and regulations - The Commission may adopt rules and regulations implementing the provisions...

§ 38.2-1334.17. Sanctions - Any insurer failing, without just cause, to timely file the...

§ 38.2-1335. Definitions - The terms defined in § 38.2-1322 shall have the same...

§ 38.2-1336. Subsidiaries of insurers - Notwithstanding the provisions of any other law, a domestic insurer...

§ 38.2-1337. Disclaimer of control - 1. A domestic insurer may acquire voting securities of any...

§ 38.2-1338. Applicability - This article shall not apply to any investment or subsidiary...

§ 38.2-1339. Exemptions - Nothing in this article shall exempt any domestic insurer from...

§ 38.2-1340. Revocation, suspension, or nonrenewal of insurer's license - Whenever it appears to the Commission that any person has...

§ 38.2-1341. Definitions - As used in this article: "Accredited state" means a state...

§ 38.2-1342. Applicability - A. All provisions of this article shall apply to domestic...

§ 38.2-1343. Minimum standards - A. The provisions of this section shall apply if, in...

§ 38.2-1344. Disclosure - The producer, prior to the effective date of the policy,...

§ 38.2-1345. Penalties - A. If the Commission finds, after providing an opportunity to...

§ 38.2-1346. Licensure - A. No person shall act in this Commonwealth as a...

§ 38.2-1347. Definitions - As used in this article: "Actuary" means a person who...

§ 38.2-1348. License requirements - A. No insurer shall permit a person to act, and...

§ 38.2-1349. Required contract provisions; reinsurance intermediary brokers - Transactions between a reinsurance intermediary broker and the insurer it...

§ 38.2-1350. Books and records; reinsurance intermediary brokers - A. For at least ten years after expiration of each...

§ 38.2-1351. Duties of insurers utilizing the services of a reinsurance intermediary broker - A. An insurer shall not engage the services of any...

§ 38.2-1352. Required contract provisions; reinsurance intermediary managers - Transactions between a reinsurance intermediary manager and the reinsurer it...

§ 38.2-1353. Prohibited acts - No insurer shall authorize its reinsurance intermediary manager to, and...

§ 38.2-1354. Duties of reinsurers utilizing the services of a reinsurance intermediary manager - A. A reinsurer shall not engage the services of any...

§ 38.2-1355. Examination authority - A. A reinsurance intermediary shall be subject to examination by...

§ 38.2-1356. Penalties and liabilities; grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license - A. If the Commission finds, after providing an opportunity to...

§ 38.2-1357. Requirement to report to Commission - A. Each licensed reinsurance intermediary shall report any change in...

§ 38.2-1358. Definitions - As used in this article: "Actuary" means a person who...

§ 38.2-1359. Licensure - A. No domestic insurer shall permit a person to act,...

§ 38.2-1360. Required contract provisions - No insurer shall retain or act through a managing general...

§ 38.2-1361. Duties of insurers utilizing managing general agents - A. The insurer shall annually obtain a copy of the...

§ 38.2-1362. Examination authority - The acts of a managing general agent are considered to...

§ 38.2-1363. Penalties and liabilities; grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license - A. If the Commission finds, after providing an opportunity to...

§ 38.2-1364. Requirement to report to Commission - A. Each licensed managing general agent shall report within thirty...

§ 38.2-1365. Definitions - As used in this article, unless the context requires a...

§ 38.2-1366. Reserve valuation - A. For policies and contracts issued prior to the operative...

§ 38.2-1367. Actuarial opinion of reserves - A. The actuarial opinion prior to the operative date of...

§ 38.2-1368. Minimum valuation standard for policies issued prior to certain dates - The following provisions of this section shall apply only to...

§ 38.2-1369. Computation of minimum standard - Except as otherwise provided in §§ 38.2-1370, 38.2-1371, and 38.2-1378,...

§ 38.2-1370. Computation of minimum standard for annuities - A. Except as provided in § 38.2-1371, the minimum standard...

§ 38.2-1371. Computation of minimum standard by calendar year of issue - A. The interest rates used in determining the minimum standard...

§ 38.2-1372. Reserve valuation method; life insurance and endowment benefits - A. Except as otherwise provided in §§ 38.2-1373, 38.2-1376, and...

§ 38.2-1373. Reserve valuation method; annuity and pure endowment benefits - A. This section shall apply to all annuity and pure...

§ 38.2-1374. Minimum reserves - A. In no event shall an insurer's aggregate reserves for...

§ 38.2-1375. Optional reserve calculation - A. Reserves for any category of policies, contracts, or benefits...

§ 38.2-1376. Reserve calculation; valuation net premium exceeding the gross premium charged - A. If in any contract year the gross premium charged...

§ 38.2-1377. Reserve calculation; indeterminate premium plans - In the case of a plan of life insurance that...

§ 38.2-1378. Minimum standard for accident and health insurance contracts - For accident and health insurance contracts issued on or after...

§ 38.2-1379. Valuation manual for policies issued on or after the operative date of the valuation manual - A. For policies issued on or after the operative date...

§ 38.2-1380. Requirements of a principle-based valuation - A. An insurer shall establish reserves using a principle-based valuation...

§ 38.2-1381. Experience reporting for policies in force on or after the operative date of the valuation manual - An insurer shall submit mortality, morbidity, policyholder behavior, or expense...

§ 38.2-1382. Confidentiality - A. For purposes of this section, "confidential information" means: 1....

§ 38.2-1383. Single state exemption - A. The Commission may exempt specific product forms or product...

§ 38.2-1384. Assessment against insurers whose policies are valued - The Commission is hereby authorized to assess against every insurer...

§ 38.2-1385. Article not applicable in certain cases - Nothing in this article shall be construed to apply to...

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Code of Virginia Title 38.2 - Insurance Chapter 13 - Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents

Code of Virginia
Title 38.2 - Insurance
Chapter 13 - Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents