Code of Virginia - Title 38.2 Insurance - Section 38.2-1028 Additional licensing requirements for stock insurers

§ 38.2-1028. Additional licensing requirements for stock insurers

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.)

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Last modified: April 3, 2009