Code of Virginia § 38.2-1029. Additional licensing requirements for mutual insurers.
45 words·~1 min read·
/va/title-38-2/chapter-10/38-2-1029A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No mutual insurer shall be licensed to transact the business of insurance in this Commonwealth unless it has a surplus of at least $1,600,000.
Code 1950, § 38-514; 1952, c. 317, § 38.1-94; 1966, c. 580; 1978, c. 20; 1986, c. 562; 1991, c. 261.