{"law_id":"783323","section_number":"38.2-1020","catch_line":"Transfer of domicile from Virginia to another state","history":"1983, c. 441, \u00a7 38.1-950; 1986, c. 562.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/38.2-1020\/","refers_to":false,"url":"\/38.2-1020\/","token":"38.2\/10\/4\/38.2-1020","structure":{"1":{"id":"3500","name":"Redomestication Of Insurers","identifier":"4","label":"article","url":"\/38.2\/10\/4\/"},"2":{"id":"1251","name":"Organization, Admission And Licensing Of Insurers","identifier":"10","label":"chapter","url":"\/38.2\/10\/"},"3":{"id":"7","name":"Insurance","identifier":"38.2","label":"title","url":"\/38.2\/"}},"referred_to_by":false,"edition_id":"11","section_id":"783323","structure_id":"3500","full_text":"Any domestic insurer, upon the approval of the Commission, may transfer its domicile from this Commonwealth to any other state in which it is licensed to transact the business of insurance. The Commission may approve the proposed transfer of domicile if it determines that the transfer is in the best interests of the insurer’s policyholders and this Commonwealth. If the Commission does not approve the transfer, it shall give the insurer written notice of the refusal and the reasons for it within thirty days after the date the request for transfer was made. If the request for transfer is granted and the insurer is otherwise qualified, it may transact the business of insurance in this Commonwealth as a foreign insurer without interruption in licensing.","text":{"0":{"id":"2526372","text":"Any domestic insurer, upon the approval of the Commission, may transfer its domicile from this Commonwealth to any other state in which it is licensed to transact the business of insurance. The Commission may approve the proposed transfer of domicile if it determines that the transfer is in the best interests of the insurer’s policyholders and this Commonwealth. If the Commission does not approve the transfer, it shall give the insurer written notice of the refusal and the reasons for it within thirty days after the date the request for transfer was made. If the request for transfer is granted and the insurer is otherwise qualified, it may transact the business of insurance in this Commonwealth as a foreign insurer without interruption in licensing.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":{"1":{"id":"3500","name":"Redomestication Of Insurers","identifier":"4","label":"article","url":"\/38.2\/10\/4\/"},"2":{"id":"1251","name":"Organization, Admission And Licensing Of Insurers","identifier":"10","label":"chapter","url":"\/38.2\/10\/"},"3":{"id":"7","name":"Insurance","identifier":"38.2","label":"title","url":"\/38.2\/"}},"structure_contents":{"0":{"id":"790795","structure_id":"3500","section_number":"38.2-1019","catch_line":"Change of status from foreign to domestic insurer","url":"\/38.2-1019\/","token":"38.2\/10\/4\/38.2-1019"},"1":{"id":"783323","structure_id":"3500","section_number":"38.2-1020","catch_line":"Transfer of domicile from Virginia to another state","url":"\/38.2-1020\/","token":"38.2\/10\/4\/38.2-1020"},"2":{"id":"785364","structure_id":"3500","section_number":"38.2-1021","catch_line":"Change of domicile of foreign insurer to another foreign state","url":"\/38.2-1021\/","token":"38.2\/10\/4\/38.2-1021"},"3":{"id":"787266","structure_id":"3500","section_number":"38.2-1022","catch_line":"Commission to be notified of proposed transfer of domicile","url":"\/38.2-1022\/","token":"38.2\/10\/4\/38.2-1022"},"4":{"id":"779923","structure_id":"3500","section_number":"38.2-1023","catch_line":"Effect of transfer of domicile on certificate of authority, agents' appointments and licenses, etc","url":"\/38.2-1023\/","token":"38.2\/10\/4\/38.2-1023"}},"previous_section":{"id":"790795","structure_id":"3500","section_number":"38.2-1019","catch_line":"Change of status from foreign to domestic insurer","url":"\/38.2-1019\/","token":"38.2\/10\/4\/38.2-1019"},"next_section":{"id":"785364","structure_id":"3500","section_number":"38.2-1021","catch_line":"Change of domicile of foreign insurer to another foreign state","url":"\/38.2-1021\/","token":"38.2\/10\/4\/38.2-1021"},"references":false,"formats":{"txt":"\/38.2-1020.txt","json":"\/38.2-1020.json","xml":"\/38.2-1020.xml"},"dublin_core":{"Title":"Transfer of domicile from Virginia to another state","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1020","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nTRANSFER OF DOMICILE FROM VIRGINIA TO ANOTHER STATE (\u00a7 38.2-1020)\n\nAny domestic insurer, upon the approval of the Commission, may transfer its\ndomicile from this Commonwealth to any other state in which it is licensed to\ntransact the business of insurance. The Commission may approve the proposed\ntransfer of domicile if it determines that the transfer is in the best interests\nof the insurer’s policyholders and this Commonwealth. If the Commission\ndoes not approve the transfer, it shall give the insurer written notice of the\nrefusal and the reasons for it within thirty days after the date the request for\ntransfer was made. If the request for transfer is granted and the insurer is\notherwise qualified, it may transact the business of insurance in this\nCommonwealth as a foreign insurer without interruption in licensing.\n\nHISTORY: 1983, c. 441, \u00a7 38.1-950; 1986, c. 562."}