{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/38.2-3812.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/38.2-3812.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/38.2-3812.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/38.2-3812.html"}],"law_id":362447,"edition_id":2,"section_id":362447,"structure_id":51761,"section_number":"38.2-3812","catch_line":"Tax on gross premium receipts","history":"Code 1950, \u00a7 38-494; 1952, c. 317, \u00a7 38.1-511; 1986, c. 562; 1987, cc. 565, 655.","full_text":"The officers of each company shall, at the time of making the annual statement, file with the Commission a sworn statement of its gross premium receipts collected from members residing in this Commonwealth for the preceding year ending December 31. Each company shall pay into the state treasury by March 1 of each year, a tax of one percent on its collected gross premiums. The tax shall be in lieu of all other taxes, state, county or municipal, based on such gross premium receipts. No city, town, municipality or other subdivision of the Commonwealth shall impose any license fee on the company or any of its agents for the privilege of conducting business in any portion of this Commonwealth. In determining such gross premium receipts, the company shall not take credit for any expenditures.\n\n","order_by":null,"text":{"0":{"id":1350084,"text":"The officers of each company shall, at the time of making the annual statement, file with the Commission a sworn statement of its gross premium receipts collected from members residing in this Commonwealth for the preceding year ending December 31. Each company shall pay into the state treasury by March 1 of each year, a tax of one percent on its collected gross premiums. The tax shall be in lieu of all other taxes, state, county or municipal, based on such gross premium receipts. No city, town, municipality or other subdivision of the Commonwealth shall impose any license fee on the company or any of its agents for the privilege of conducting business in any portion of this Commonwealth. In determining such gross premium receipts, the company shall not take credit for any expenditures.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3812\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 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; in 1987, chapters 565 and 655.<\/p>","references":false,"refers_to":false,"permalink":{"id":1443203,"object_type":"law","relational_id":362447,"identifier":"38.2-3812","token":"38.2\/38\/1\/38.2-3812","url":"\/38.2-3812\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/38.2-3812\/","token":"38.2\/38\/1\/38.2-3812","dublin_core":{"Title":"Tax on gross premium receipts","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3812","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The officers of each <span class=\"dictionary\">company<\/span> shall, at the time of making the annual statement, file with the <span class=\"dictionary\">Commission<\/span> a sworn statement of its gross premium receipts collected from members residing in this Commonwealth for the preceding year ending December 31. Each <span class=\"dictionary\">company<\/span> shall pay into the <span class=\"dictionary\">state<\/span> treasury by March 1 of each year, a tax of one percent on its collected gross premiums. The tax shall be in lieu of all other taxes, <span class=\"dictionary\">state<\/span>, county or municipal, based on such gross premium receipts. No city, town, municipality or other subdivision of the Commonwealth shall impose any license fee on the <span class=\"dictionary\">company<\/span> or any of its agents for the <span class=\"dictionary\">privilege<\/span> of conducting business in any portion of this Commonwealth. In determining such gross premium receipts, the <span class=\"dictionary\">company<\/span> shall not take credit for any expenditures.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nTAX ON GROSS PREMIUM RECEIPTS (\u00a7 38.2-3812)\n\nThe officers of each company shall, at the time of making the annual statement,\nfile with the Commission a sworn statement of its gross premium receipts\ncollected from members residing in this Commonwealth for the preceding year\nending December 31. Each company shall pay into the state treasury by March 1 of\neach year, a tax of one percent on its collected gross premiums. The tax shall\nbe in lieu of all other taxes, state, county or municipal, based on such gross\npremium receipts. No city, town, municipality or other subdivision of the\nCommonwealth shall impose any license fee on the company or any of its agents\nfor the privilege of conducting business in any portion of this Commonwealth. In\ndetermining such gross premium receipts, the company shall not take credit for\nany expenditures.\n\nHISTORY: Code 1950, \u00a7 38-494; 1952, c. 317, \u00a7 38.1-511; 1986, c. 562; 1987,\ncc. 565, 655.","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"}}