§ 38.2-3902 Classes of insurance that may be written by mutual assessment life, accident and sickness insurers
The following classes of insurance can be written by mutual assessment life, accident and sickness insurers: Category A
1. Life insurance as defined in § 38.2-102;
2. Industrial life insurance as defined in § 38.2-104; and
3. Accident and sickness insurance as defined in § 38.2-109 except Medicare supplement insurance as defined in § 38.2-3600. Category B
1. Credit life insurance as defined in § 38.2-103;
2. Variable life insurance as defined in § 38.2-105;
3. Credit accident and sickness insurance as defined in § 38.2-108; and
4. Medicare supplement insurance as defined in § 38.2-3600. Category C
1. Annuities as defined in § 38.2-106; and
2. Variable annuities as defined in § 38.2-107.
History
This law was first created in 1985. The record of its establishment is cataloged in chapter 400 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1985 “Acts” aren’t available online. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 1986, chapter 562.
1985, c. 400, § 38.1-549.3; 1986, c. 562.