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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 38.2. Insurance |
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CHAPTER 10. Organization, Admission and Licensing of Insurers |
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ARTICLE 5. Licensing of Insurers |
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SECTION 38.2-1029. Additional licensing requirements for mutual insurers |
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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. |