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Tax credit for retaliatory costs paid to other states (§ 58.1-2510)
2016A For license years beginning on and after July 1, 1998, every qualified company shall be allowed a credit against the tax imposed by § 58.1-2501 in an amount equal to the retaliatory costs incurred during the corresponding taxable year as a result . . .
Fraudulent procurement of policy (§ 38.2-3403)
2016A No person shall knowingly secure, attempt to secure or cause to be secured an individual accident and sickness insurance policy on any person not in an insurable condition by means of misrepresentations or false or fraudulent statements. B An insu . . .
Certification to accompany application (§ 38.2-3402)
2016A Each application for an individual accident and sickness insurance policy shall contain a certification, signed by both the applicant and the agent soliciting the insurance, to the effect that: “The undersigned applicant and agent certify tha . . .
Additional licensing requirements for domestic insurers (§ 38.2-1032)
2016No domestic insurer shall be licensed to transact the business of insurance in this Commonwealth until it has furnished the Commission with a statement under the seal of the insurer, verified by the president or treasurer or two of its directors, sho . . .
Short title; definitions (§ 2.2-2279)
2016A This article shall be known and may be cited as the “Virginia Small Business Financing Act.” B As used in this article, unless the context requires a different meaning:”Business enterprise” means any (i) industry for the ma . . .
Regulation and authority of a mutual holding company (§ 38.2-1005.1:7)
2016A A mutual holding company organized under Title 13.1 pursuant to the authority granted by this article shall have all of the powers granted to a domestic mutual insurance company licensed under Chapter 10 (§ 38.2-1000 et seq.) and shall be subject . . .
(Repealed effective October 1, 2016) Borrowing upon endowment and other investments (§ 23-30.01)
2016(a In addition to the powers conferred upon institutions by other provisions of this chapter, any institution is hereby authorized, by and with the approval of the Governor, upon the affirmative vote of at least two-thirds of its board to borrow from . . .
Person aggrieved by application of rating system to be heard; appeal to Commission (§ 38.2-1923)
2016Each rate service organization and each insurer subject to this chapter shall provide within this Commonwealth reasonable means for any person aggrieved by the application of its rating system to be heard in person or by an authorized representative . . .
Telephone, telegraph or electric power lines crossing railroads (§ 56-16.1)
2016A If a telephone, telegraph or electric power company desires to cross the works of a railroad company and the parties thereto cannot agree on the manner of the crossing or the compensation to be paid or the damages, if any, occasioned by such crossi . . .
Definitions (§ 38.2-2000.1)
2016As used in this chapter:”Pool” means an arrangement, either voluntary or mandated by law, established on an on-going basis, pursuant to which two or more insurers participate in the sharing of risks on a predetermined basis, which arrange . . .