79373938.2-3803Virginia Decodedhttps://vacode.org2016InsuranceCooperative Nonprofit Life Benefit CompaniesGeneral ProvisionsLicensing of additional companies prohibited1952, c. 317, § 38.1-499; 1986, c. 562.http://law.lis.virginia.gov/vacode/38.2-3803//38.2-3803/38.2/38/1/38.2-3803

Any company that was not licensed and doing business in this Commonwealth on July 1, 1952, shall not be issued a license to do the business of insurance in this Commonwealth. On or after July 1, 1952, only a renewal of a license held by the company for the preceding year will be issued.section

1