Licensing Of Insurers
This is Article 5 of the Code of Virginia, titled “Licensing Of Insurers.” It is part of Title 38.2, titled “Insurance.” It is part of Chapter 10, titled “Organization, Admission And Licensing Of Insurers.” It’s comprised of the following 17 sections.
- § 38.2-1024
- License required to transact the business of insurance; application fee requirements for license
- § 38.2-1025
- Annual renewal of license
- § 38.2-1026
- Retaliatory provisions as to taxes, fees, deposits and other requirements
- § 38.2-1027
- Admission of foreign and alien insurers
- § 38.2-1028
- Additional licensing requirements for stock insurers
- § 38.2-1029
- Additional licensing requirements for mutual insurers
- § 38.2-1030
- Surplus requirements for issuing policies without contingent liability
- § 38.2-1031
- Additional requirements, alien insurers
- § 38.2-1032
- Additional licensing requirements for domestic insurers
- § 38.2-1033
- Additional licensing requirements for foreign insurers
- § 38.2-1034
- How domestic mutual insurers may acquire initial surplus
- § 38.2-1035
- Domestic insurers to maintain minimum capital and surplus; proceedings by Commission if impairment found
- § 38.2-1036
- Impairment of capital and surplus of foreign and alien company ground for suspension or revocation of license
- § 38.2-1037
- Exceptions for licensed and operating insurers
- § 38.2-1038
- Authority of Commission to issue orders covering insurers in hazardous financial condition
- § 38.2-1039
- Enjoining unlicensed foreign or alien insurers from transacting the business of insurance in Commonwealth
- § 38.2-1039.1
- Risk retention groups