§ 38.2-3906. Licensing of additional companies prohibited
Any insurer that was not licensed and engaged in the business of mutual assessment life, accident and sickness insurance in this Commonwealth under the provisions of former Title 38.1 on July 1, 1952, shall not be issued a license pursuant to this chapter to transact the business of insurance in this Commonwealth. On or after that date a license shall not be issued except for renewal of a license held by the insurer for the preceding year.
(1985, c. 400, § 38.1-549.7; 1986, c. 562.)
Sections: Previous 38.2-3900 38.2-3901 38.2-3902 38.2-3903 38.2-3904 38.2-3905 38.2-3906 38.2-3907 38.2-3908 38.2-3909 38.2-3910 38.2-3911 38.2-3912 38.2-3913 38.2-3914 NextLast modified: April 3, 2009