{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/38.2-3805.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/38.2-3805.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/38.2-3805.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/38.2-3805.html"}],"law_id":362440,"edition_id":2,"section_id":362440,"structure_id":51761,"section_number":"38.2-3805","catch_line":"General powers of company; limitation on increase in rates","history":"Code 1950, \u00a7 38-478; 1952, c. 317, \u00a7 38.1-503; 1986, c. 562.","full_text":"Each company shall make a constitution, laws or bylaws for its government, the admission of its members, the management of its affairs and the fixing and readjustment of the rates of contribution of its members. It may change, add to, or amend the constitution, laws or bylaws and shall have the other powers necessary and incidental to effect the objects and purposes of the company. It may make refunds to its members from any surplus funds of the company, but it may only increase rates or make extra assessments against members whose contracts include provisions for rate increases and extra assessments.\n\n","order_by":null,"text":{"0":{"id":1350073,"text":"Each company shall make a constitution, laws or bylaws for its government, the admission of its members, the management of its affairs and the fixing and readjustment of the rates of contribution of its members. It may change, add to, or amend the constitution, laws or bylaws and shall have the other powers necessary and incidental to effect the objects and purposes of the company. It may make refunds to its members from any surplus funds of the company, but it may only increase rates or make extra assessments against members whose contracts include provisions for rate increases and extra assessments.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":51761,"edition_id":2,"name":"General Provisions","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":51760,"metadata":{"child_laws":14,"child_structures":0},"date_created":"2026-08-02 02:48:17","date_modified":"2026-08-02 12:33:16","permalink":{"id":1443153,"object_type":"structure","relational_id":51761,"identifier":"1","token":"38.2\/38\/1","url":"\/38.2\/38\/1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51760,"edition_id":2,"name":"Cooperative Nonprofit Life Benefit Companies","identifier":"38","label":"chapter","depth":2,"order_by":40,"parent_id":51644,"metadata":{"child_laws":19,"child_structures":2},"date_created":"2026-08-02 02:48:17","date_modified":"2026-08-02 12:33:16","permalink":{"id":1443151,"object_type":"structure","relational_id":51760,"identifier":"38","token":"38.2\/38","url":"\/38.2\/38\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51644,"edition_id":2,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":88,"parent_id":null,"metadata":{"child_laws":1890,"child_structures":173},"date_created":"2026-08-02 02:45:30","date_modified":"2026-08-02 12:32:55","permalink":{"id":1437663,"object_type":"structure","relational_id":51644,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":362435,"structure_id":51761,"section_number":"38.2-3800","catch_line":"Scope of chapter","url":"\/38.2-3800\/","token":"38.2\/38\/1\/38.2-3800","metadata":false},{"id":362436,"structure_id":51761,"section_number":"38.2-3801","catch_line":"Cooperative nonprofit life benefit company defined","url":"\/38.2-3801\/","token":"38.2\/38\/1\/38.2-3801","metadata":false},{"id":362437,"structure_id":51761,"section_number":"38.2-3802","catch_line":"Continuation of existing companies","url":"\/38.2-3802\/","token":"38.2\/38\/1\/38.2-3802","metadata":false},{"id":362438,"structure_id":51761,"section_number":"38.2-3803","catch_line":"Licensing of additional companies prohibited","url":"\/38.2-3803\/","token":"38.2\/38\/1\/38.2-3803","metadata":false},{"id":362439,"structure_id":51761,"section_number":"38.2-3804","catch_line":"What laws applicable","url":"\/38.2-3804\/","token":"38.2\/38\/1\/38.2-3804","metadata":false},{"id":362440,"structure_id":51761,"section_number":"38.2-3805","catch_line":"General powers of company; limitation on increase in rates","url":"\/38.2-3805\/","token":"38.2\/38\/1\/38.2-3805","metadata":false},{"id":362441,"structure_id":51761,"section_number":"38.2-3806","catch_line":"Constitution and bylaws","url":"\/38.2-3806\/","token":"38.2\/38\/1\/38.2-3806","metadata":false},{"id":362442,"structure_id":51761,"section_number":"38.2-3807","catch_line":"Governing body; board of directors","url":"\/38.2-3807\/","token":"38.2\/38\/1\/38.2-3807","metadata":false},{"id":362443,"structure_id":51761,"section_number":"38.2-3808","catch_line":"Filing copies of constitution and bylaws","url":"\/38.2-3808\/","token":"38.2\/38\/1\/38.2-3808","metadata":false},{"id":362444,"structure_id":51761,"section_number":"38.2-3809","catch_line":"How a company may become legal reserve life insurer","url":"\/38.2-3809\/","token":"38.2\/38\/1\/38.2-3809","metadata":false},{"id":362445,"structure_id":51761,"section_number":"38.2-3810","catch_line":"Institutions maintainable; company a charitable institution","url":"\/38.2-3810\/","token":"38.2\/38\/1\/38.2-3810","metadata":false},{"id":362446,"structure_id":51761,"section_number":"38.2-3811","catch_line":"Benefits not subject to process","url":"\/38.2-3811\/","token":"38.2\/38\/1\/38.2-3811","metadata":false},{"id":362447,"structure_id":51761,"section_number":"38.2-3812","catch_line":"Tax on gross premium receipts","url":"\/38.2-3812\/","token":"38.2\/38\/1\/38.2-3812","metadata":false},{"id":362448,"structure_id":51761,"section_number":"38.2-3813","catch_line":"Suits against company","url":"\/38.2-3813\/","token":"38.2\/38\/1\/38.2-3813","metadata":false}],"previous_section":{"id":362439,"structure_id":51761,"section_number":"38.2-3804","catch_line":"What laws applicable","url":"\/38.2-3804\/","token":"38.2\/38\/1\/38.2-3804","metadata":false},"next_section":{"id":362441,"structure_id":51761,"section_number":"38.2-3806","catch_line":"Constitution and bylaws","url":"\/38.2-3806\/","token":"38.2\/38\/1\/38.2-3806","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3805\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1952, chapter 317; in 1986, chapter 562.<\/p>","references":false,"refers_to":false,"permalink":{"id":1443175,"object_type":"law","relational_id":362440,"identifier":"38.2-3805","token":"38.2\/38\/1\/38.2-3805","url":"\/38.2-3805\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/38.2-3805\/","token":"38.2\/38\/1\/38.2-3805","dublin_core":{"Title":"General powers of company; limitation on increase in rates","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3805","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Each <span class=\"dictionary\">company<\/span> shall make a constitution, <span class=\"dictionary\">laws<\/span> or bylaws for its government, the admission of its members, the management of its affairs and the fixing and readjustment of the <span class=\"dictionary\"><span class=\"dictionary\">rates<\/span><\/span> of contribution of its members. It may change, add to, or <span class=\"dictionary\">amend<\/span> the constitution, <span class=\"dictionary\">laws<\/span> or bylaws and shall have the other powers necessary and incidental to effect the <span class=\"dictionary\">objects<\/span> and purposes of the <span class=\"dictionary\">company<\/span>. It may make refunds to its members from any surplus funds of the <span class=\"dictionary\">company<\/span>, but it may only increase <span class=\"dictionary\"><span class=\"dictionary\">rates<\/span><\/span> or make extra assessments against members whose <span class=\"dictionary\">contracts<\/span> include provisions for <span class=\"dictionary\">rate<\/span> increases and extra assessments.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nGENERAL POWERS OF COMPANY; LIMITATION ON INCREASE IN RATES (\u00a7 38.2-3805)\n\nEach company shall make a constitution, laws or bylaws for its government, the\nadmission of its members, the management of its affairs and the fixing and\nreadjustment of the rates of contribution of its members. It may change, add to,\nor amend the constitution, laws or bylaws and shall have the other powers\nnecessary and incidental to effect the objects and purposes of the company. It\nmay make refunds to its members from any surplus funds of the company, but it\nmay only increase rates or make extra assessments against members whose\ncontracts include provisions for rate increases and extra assessments.\n\nHISTORY: Code 1950, \u00a7 38-478; 1952, c. 317, \u00a7 38.1-503; 1986, c. 562.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}