Code of Virginia - Title 38.2 Insurance - Section 38.2-2508 Incorporation of insurers

§ 38.2-2508. Incorporation of insurers

Mutual assessment property and casualty insurers formed after July 1, 1986, shall be incorporated under the provisions of Article 3 (§ 13.1-818 et seq.) of Chapter 10 of Title 13.1, as modified by the provisions of this title. Except as otherwise provided in this title, mutual assessment property and casualty insurers shall be subject to all the general restrictions and have all the general powers imposed and conferred upon those corporations by law. Mutual assessment property and casualty insurers formed prior to July 1, 1986, may continue to operate as organized.

(Code 1950, § 38-523; 1952, c. 317, § 38.1-666; 1956, c. 431; 1986, c. 562.)

Sections:  Previous  38.2-2501  38.2-2502  38.2-2503  38.2-2504  38.2-2505  38.2-2506  38.2-2507  38.2-2508  38.2-2509  38.2-2510  38.2-2511  38.2-2512  38.2-2513  38.2-2514  38.2-2515  Next

Last modified: April 16, 2009