Code of Virginia § 38.2-1028. Additional licensing requirements for stock insurers.
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/va/title-38-2/chapter-10/38-2-1028A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No stock insurer shall be licensed to transact the business of insurance in this Commonwealth unless it has fully paid in capital stock of at least one million dollars and surplus of at least three million dollars.
Code 1950, §§ 38-29, 38-33, 38-36, 38-330; 1952, c. 317, §§ 38.1-88, 38.1-89; 1966, c. 580; 1977, c. 322; 1978, c. 20; 1986, c. 562; 1991, c. 261.