{"law_id":"784600","section_number":"38.2-3922","catch_line":"Reinsurance","history":"1985, c. 400, \u00a7 38.1-549.23; 1986, c. 562.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/38.2-3922\/","refers_to":false,"url":"\/38.2-3922\/","token":"38.2\/39\/5\/38.2-3922","structure":{"1":{"id":"2817","name":"Financial Provisions","identifier":"5","label":"article","url":"\/38.2\/39\/5\/"},"2":{"id":"1355","name":"Mutual Assessment Life, Accident And Sickness Insurers","identifier":"39","label":"chapter","url":"\/38.2\/39\/"},"3":{"id":"7","name":"Insurance","identifier":"38.2","label":"title","url":"\/38.2\/"}},"referred_to_by":false,"edition_id":"11","section_id":"784600","structure_id":"2817","full_text":"Any mutual assessment life, accident and sickness insurer may reinsure the whole or any part of its risks with any solvent insurer licensed in this Commonwealth or licensed in any other state having standards of solvency, at least equal to those required in this Commonwealth.  However, the reinsurance shall be ceded without contingent liability on the part of the reinsured insurer.  Any mutual assessment life, accident and sickness insurer having a surplus in excess of $ 800,000 may accept or assume reinsurance from any licensed insurer.","text":{"0":{"id":"2530741","text":"Any mutual assessment life, accident and sickness insurer may reinsure the whole or any part of its risks with any solvent insurer licensed in this Commonwealth or licensed in any other state having standards of solvency, at least equal to those required in this Commonwealth.  However, the reinsurance shall be ceded without contingent liability on the part of the reinsured insurer.  Any mutual assessment life, accident and sickness insurer having a surplus in excess of $ 800,000 may accept or assume reinsurance from any licensed insurer.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":{"1":{"id":"2817","name":"Financial Provisions","identifier":"5","label":"article","url":"\/38.2\/39\/5\/"},"2":{"id":"1355","name":"Mutual Assessment Life, Accident And Sickness Insurers","identifier":"39","label":"chapter","url":"\/38.2\/39\/"},"3":{"id":"7","name":"Insurance","identifier":"38.2","label":"title","url":"\/38.2\/"}},"structure_contents":{"0":{"id":"771026","structure_id":"2817","section_number":"38.2-3920","catch_line":"Surplus to policyowners","url":"\/38.2-3920\/","token":"38.2\/39\/5\/38.2-3920"},"1":{"id":"790903","structure_id":"2817","section_number":"38.2-3921","catch_line":"Limitation on single risk to be assumed","url":"\/38.2-3921\/","token":"38.2\/39\/5\/38.2-3921"},"2":{"id":"784600","structure_id":"2817","section_number":"38.2-3922","catch_line":"Reinsurance","url":"\/38.2-3922\/","token":"38.2\/39\/5\/38.2-3922"},"3":{"id":"787636","structure_id":"2817","section_number":"38.2-3923","catch_line":"Reserves required","url":"\/38.2-3923\/","token":"38.2\/39\/5\/38.2-3923"}},"previous_section":{"id":"790903","structure_id":"2817","section_number":"38.2-3921","catch_line":"Limitation on single risk to be assumed","url":"\/38.2-3921\/","token":"38.2\/39\/5\/38.2-3921"},"next_section":{"id":"787636","structure_id":"2817","section_number":"38.2-3923","catch_line":"Reserves required","url":"\/38.2-3923\/","token":"38.2\/39\/5\/38.2-3923"},"references":[{"id":"790903","section_number":"38.2-3921","catch_line":"Limitation on single risk to be assumed","url":"\/38.2-3921\/"}],"formats":{"txt":"\/38.2-3922.txt","json":"\/38.2-3922.json","xml":"\/38.2-3922.xml"},"dublin_core":{"Title":"Reinsurance","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3922","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nREINSURANCE (\u00a7 38.2-3922)\n\nAny mutual assessment life, accident and sickness insurer may reinsure the whole\nor any part of its risks with any solvent insurer licensed in this Commonwealth\nor licensed in any other state having standards of solvency, at least equal to\nthose required in this Commonwealth.  However, the reinsurance shall be ceded\nwithout contingent liability on the part of the reinsured insurer.  Any mutual\nassessment life, accident and sickness insurer having a surplus in excess of $\n800,000 may accept or assume reinsurance from any licensed insurer.\n\nHISTORY: 1985, c. 400, \u00a7 38.1-549.23; 1986, c. 562."}