CODE OF VIRGINIA

REQUIREMENT OF DECLARATION (§ 58.1-2520)

A. Every insurance company and nonstock corporation licensed pursuant to
Chapters 42 and 45 of Title 38.2 subject to the state license tax imposed by §
58.1-2501 shall make a declaration of estimated tax if the tax imposed by this
chapter, for the license year, measured by direct gross premium income, can
reasonably be expected to exceed $ 3,000.Such declaration shall contain such
pertinent information as the Department may by forms or guidelines prescribe.

B. Any such insurance company or nonstock corporation with a taxable year of
less than 12 months shall make a declaration in accordance with guidelines
prescribed by the Department.

HISTORY: Code 1950, § 58-502.2; 1968, c. 13; 1978, c. 4; 1984, c. 675; 1987,
cc. 565, 655; 2011, c. 850.