§ 38.2-1050. Voluntary deposit in excess of amount required
Any domestic insurer, in order to comply with the laws of any other state or of the United States, may make a voluntary deposit with the State Treasurer in excess of the amount required by § 38.2-1045. This excess deposit shall be subject to all other applicable provisions of the laws of this Commonwealth relating to the deposits of insurers. However, this excess deposit shall be for the protection of all the insurer's policyholders and general creditors, notwithstanding the provisions of § 38.2-1046.
(Code 1950, § 38-41; 1952, c. 317, § 38.1-114; 1966, c. 263; 1986, c. 562.)
Sections: Previous 38.2-1043 38.2-1044 38.2-1045 38.2-1046 38.2-1047 38.2-1048 38.2-1049 38.2-1050 38.2-1051 38.2-1052 38.2-1053 38.2-1054 38.2-1055 38.2-1056 38.2-1057 NextLast modified: April 16, 2009