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Definitions (§ 55-79.41)
2016When used in this chapter:”Capital components” means those items, whether or not a part of the common elements, for which the unit owners’ association has the obligation for repair, replacement or restoration and for which the execu . . .
Levy of license tax (§ 58.1-2501)
2016A For the privilege of doing business in the Commonwealth, there is hereby levied on every insurance company defined in § 38.2-100 which issues policies or contracts for any kind of insurance classified and defined in §§ 38.2-102 through 38.2-134 . . .
Additional requirements, alien insurers (§ 38.2-1031)
2016A No alien insurer shall be licensed to transact the business of insurance in this Commonwealth unless it (i) has a “trusteed surplus,” as defined in subsection B of this section, of at least four million dollars and (ii) has filed with t . . .
Settlement (§ 38.2-3350)
2016Each industrial life insurance policy shall contain a provision that when a death claim arises under the policy, settlement shall be made within two months after receipt of due proof of death. . . .
Certain costs and expenses to be apportioned between city and county (§ 15.2-3830)
2016After a town becomes a city under this chapter, the costs and expenses of the circuit court for the county, including jury costs, and the salaries of the judge and clerk of the circuit court and the clerk, attorney for the Commonwealth and sheriff of . . .
Nonforfeiture benefits, cash surrender values, certificate loans and other options (§ 38.2-4120)
2016A A society may grant paid-up nonforfeiture benefits, cash surrender values, certificate loans, and any other options its laws permit. Certificates issued on and after June 28, 1968, must contain at least one paid-up nonforfeiture benefit, except in . . .
(Effective October 1, 2016) Powers; bonds of Authority generally (§ 23.1-1207)
2016A To provide funds for the purchase of bonds of eligible institutions as authorized by § 23.1-1205, the acquisition of equipment as authorized by § 23.1-1206, the reimbursement of the Central Capital Planning Fund established pursuant to § 2.2-152 . . .
Limitation on preexisting condition exclusion period (§ 38.2-3432.3)
2016A Subject to subsection B, a health insurer offering health insurance coverage may, with respect to a participant or beneficiary, impose a preexisting limitation only if: B Exceptions: C A period of creditable coverage shall not be counted, with re . . .
Interchange of rating data and information (§ 38.2-1919.1)
2016To promote uniform administration of rate regulatory laws, the Commission and each insurer and each rate service organization subject to this chapter may (i) exchange information and experience data with insurance supervisory officials, insurers, and . . .
Application of financial capacity limits (§ 38.2-3430.5)
2016A A health insurance issuer may deny health insurance coverage in the individual market to an eligible individual if the health insurance issuer has demonstrated to the satisfaction of the Commission that: B A health insurance issuer, upon denying i . . .