Code of Virginia · § 38.2-1029 — Additional licensing requirements for mutual insurers

38.2-1029. Additional licensing requirements for mutual insurers

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.

History and annotations

Code 1950, § 38-514; 1952, c. 317, § 38.1-94; 1966, c. 580; 1978, c. 20; 1986, c. 562; 1991, c. 261.

Source captured 2026-09-25. Open the official source.