§ 38.2-3920 Surplus to policyowners
A. A mutual assessment life, accident and sickness insurer shall have a minimum surplus to policyowners of $100,000.
B. In order to write the classes of insurance referred to in Category C of § 38.2-3902, minimum surplus to policyowners shall be $800,000.
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, § 38.1-549.21; 1986, c. 562.