§ 38.2-3809. How a company may become legal reserve life insurer
Any company filing with the Commission a resolution of its board of directors or similar body, or of its legislative body, making a request to become a legal reserve life insurer, upon submitting proof satisfactory to the Commission that the request is properly authorized and that the condition of its business qualifies it under the laws of this Commonwealth to be classed as a legal reserve life insurer, shall become a legal reserve life insurer under the name and the plan provided by proper amendment of its charter or certificate of incorporation.
(Code 1950, § 38-477; 1952, c. 317, § 38.1-507; 1986, c. 562.)
Sections: Previous 38.2-3802 38.2-3803 38.2-3804 38.2-3805 38.2-3806 38.2-3807 38.2-3808 38.2-3809 38.2-3810 38.2-3811 38.2-3812 38.2-3813 38.2-3814 38.2-3815 38.2-3816 NextLast modified: April 3, 2009