Code of Virginia - Title 38.2 Insurance - Section 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.

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

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Last modified: April 3, 2009