Code of Virginia § 38.2-3803. Licensing of additional companies prohibited.
62 words·~1 min read·
/va/title-38-2/chapter-38/38-2-3803A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any company that was not licensed and doing business in this Commonwealth on July 1, 1952, shall not be issued a license to do the business of insurance in this Commonwealth. On or after July 1, 1952, only a renewal of a license held by the company for the preceding year will be issued.
1952, c. 317, § 38.1-499; 1986, c. 562.