CODE OF VIRGINIA

ADDITIONAL LICENSING REQUIREMENTS FOR STOCK INSURERS (§ 38.2-1028)

No stock insurer shall be licensed to transact the business of insurance in this
Commonwealth unless it has fully paid in capital stock of at least one million
dollars and surplus of at least three million dollars.

HISTORY: Code 1950, §§ 38-29, 38-33, 38-36, 38-330; 1952, c. 317, §§
38.1-88, 38.1-89; 1966, c. 580; 1977, c. 322; 1978, c. 20; 1986, c. 562; 1991,
c. 261.