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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>361180</law_id><section_number>38.2-1039.1</section_number><catch_line>Risk retention groups</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="88" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="10" identifier="10">Organization, Admission and Licensing of Insurers</unit><unit label="article" level="3" order_by="6" identifier="5">Licensing of Insurers</unit></structure><text>
						<section><p>Except in the case of a risk retention group all of whose members are <span class="dictionary">insurers</span>, no risk retention group, as defined in Chapter 51 of this title, shall be licensed in this Commonwealth if an <span class="dictionary">insurer</span> is directly or indirectly a member or owner of such risk retention group.</p></section></text><history>1987, c. 585.</history><metadata></metadata></law>
