{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1000.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1000.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1000.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1000.html"}],"law_id":58285,"edition_id":1,"section_id":58285,"structure_id":15310,"section_number":"38.2-1000","catch_line":"Incorporation of domestic stock insurers","history":"Code 1950, \u00a7\u00a7 38-27, 38-28; 1952, c. 317, \u00a7 38.1-71; 1956, c. 431; 1986, c. 562; 1995, c. 69; 2005, c. 765.","full_text":"Domestic stock insurers shall be incorporated under the provisions of Article 3 (\u00a7 13.1-618 et seq.) of Chapter 9 of Title 13.1. A foreign insurer may become a domestic insurer under the provisions of Article 11 (\u00a7 13.1-705 et seq.) or Article 12 (\u00a7 13.1-715.1 et seq.) of Chapter 9 of Title 13.1. Except as otherwise provided in this title, domestic stock insurers shall be subject to all the general restrictions and shall have all the general powers imposed and conferred by law.","order_by":null,"text":{"0":{"id":213533,"text":"Domestic stock insurers shall be incorporated under the provisions of Article 3 (\u00a7 13.1-618 et seq.) of Chapter 9 of Title 13.1. A foreign insurer may become a domestic insurer under the provisions of Article 11 (\u00a7 13.1-705 et seq.) or Article 12 (\u00a7 13.1-715.1 et seq.) of Chapter 9 of Title 13.1. Except as otherwise provided in this title, domestic stock insurers shall be subject to all the general restrictions and shall have all the general powers imposed and conferred by law.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15310,"edition_id":1,"name":"Organization of Domestic Insurers","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":12858,"metadata":{},"date_created":"2026-06-26 03:53:50","date_modified":"2026-06-26 03:53:50","permalink":{"id":210853,"object_type":"structure","relational_id":15310,"identifier":"1","token":"38.2\/10\/1","url":"\/38.2\/10\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12858,"edition_id":1,"name":"Organization, Admission and Licensing of Insurers","identifier":"10","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:43:57","date_modified":"2026-06-26 03:43:57","permalink":{"id":210851,"object_type":"structure","relational_id":12858,"identifier":"10","token":"38.2\/10","url":"\/38.2\/10\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":58285,"structure_id":15310,"section_number":"38.2-1000","catch_line":"Incorporation of domestic stock insurers","url":"\/38.2-1000\/","token":"38.2\/10\/1\/38.2-1000","metadata":false},{"id":84575,"structure_id":15310,"section_number":"38.2-1001","catch_line":"Incorporation of domestic mutual insurers","url":"\/38.2-1001\/","token":"38.2\/10\/1\/38.2-1001","metadata":false},{"id":69780,"structure_id":15310,"section_number":"38.2-1002","catch_line":"Additional requirements of articles of incorporation; name","url":"\/38.2-1002\/","token":"38.2\/10\/1\/38.2-1002","metadata":false},{"id":82745,"structure_id":15310,"section_number":"38.2-1003","catch_line":"When corporate status attained; bylaws filed with Commission","url":"\/38.2-1003\/","token":"38.2\/10\/1\/38.2-1003","metadata":false},{"id":77980,"structure_id":15310,"section_number":"38.2-1004","catch_line":"Voting","url":"\/38.2-1004\/","token":"38.2\/10\/1\/38.2-1004","metadata":false},{"id":71096,"structure_id":15310,"section_number":"38.2-1005","catch_line":"Certain mutual companies and societies not to become stock companies without approval of Commission","url":"\/38.2-1005\/","token":"38.2\/10\/1\/38.2-1005","metadata":false},{"id":81081,"structure_id":15310,"section_number":"38.2-1005.1","catch_line":"Conversion of a domestic mutual insurer to a domestic stock insurer","url":"\/38.2-1005.1\/","token":"38.2\/10\/1\/38.2-1005.1","metadata":false}],"next_section":{"id":84575,"structure_id":15310,"section_number":"38.2-1001","catch_line":"Incorporation of domestic mutual insurers","url":"\/38.2-1001\/","token":"38.2\/10\/1\/38.2-1001","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1000\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 5 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1952, chapter 317; in 1956, chapter 431; in 1986, chapter 562; in 1995, chapter 69<\/a>; in 2005, chapter 765<\/a>.<\/p>","references":[{"id":54905,"section_number":"10.1-1410","catch_line":"Financial responsibility for abandoned facilities; penalties","order_by":null,"url":"\/10.1-1410\/"},{"id":71096,"section_number":"38.2-1005","catch_line":"Certain mutual companies and societies not to become stock companies without approval of Commission","order_by":null,"url":"\/38.2-1005\/"},{"id":56902,"section_number":"38.2-1005.1:1","catch_line":"Definitions","order_by":null,"url":"\/38.2-1005.1_1\/"},{"id":71404,"section_number":"38.2-1005.1:2","catch_line":"Formation of mutual holding company and conversion of mutual company","order_by":null,"url":"\/38.2-1005.1_2\/"},{"id":66932,"section_number":"38.2-1005.1:7","catch_line":"Regulation and authority of a mutual holding company","order_by":null,"url":"\/38.2-1005.1_7\/"},{"id":55817,"section_number":"38.2-1016.1","catch_line":"Conversion of a health maintenance organization to an accident and sickness insurer","order_by":null,"url":"\/38.2-1016.1\/"},{"id":60287,"section_number":"38.2-1019","catch_line":"Change of status from foreign to domestic insurer","order_by":null,"url":"\/38.2-1019\/"},{"id":58348,"section_number":"38.2-1347","catch_line":"Definitions","order_by":null,"url":"\/38.2-1347\/"},{"id":82605,"section_number":"38.2-1358","catch_line":"Definitions","order_by":null,"url":"\/38.2-1358\/"},{"id":57145,"section_number":"38.2-1401","catch_line":"Definitions","order_by":null,"url":"\/38.2-1401\/"},{"id":60885,"section_number":"38.2-2507","catch_line":"Conversion of mutual assessment property and casualty insurers","order_by":null,"url":"\/38.2-2507\/"},{"id":70247,"section_number":"38.2-3901","catch_line":"Definitions","order_by":null,"url":"\/38.2-3901\/"},{"id":84007,"section_number":"38.2-3904","catch_line":"Conversion of mutual assessment life, accident and sickness insurers","order_by":null,"url":"\/38.2-3904\/"},{"id":78014,"section_number":"38.2-3917","catch_line":"Right to limit assessment liability; when contingent assessment liability waived","order_by":null,"url":"\/38.2-3917\/"},{"id":82798,"section_number":"38.2-3923","catch_line":"Reserves required","order_by":null,"url":"\/38.2-3923\/"},{"id":66172,"section_number":"38.2-4401","catch_line":"Certain contracts, etc., not deemed plans","order_by":null,"url":"\/38.2-4401\/"},{"id":68244,"section_number":"38.2-5500","catch_line":"Applicability","order_by":null,"url":"\/38.2-5500\/"},{"id":67232,"section_number":"38.2-5501","catch_line":"Definitions","order_by":null,"url":"\/38.2-5501\/"},{"id":77304,"section_number":"38.2-5800","catch_line":"Definitions","order_by":null,"url":"\/38.2-5800\/"}],"refers_to":[{"id":86934,"section_number":"13.1-618","catch_line":"Incorporators","order_by":null,"url":"\/13.1-618\/"},{"id":71609,"section_number":"13.1-705","catch_line":"Authority to amend articles of incorporation","order_by":null,"url":"\/13.1-705\/"},{"id":85057,"section_number":"13.1-715.1","catch_line":"Definitions","order_by":null,"url":"\/13.1-715.1\/"}],"permalink":{"id":210855,"object_type":"law","relational_id":58285,"identifier":"38.2-1000","token":"38.2\/10\/1\/38.2-1000","url":"\/38.2-1000\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1000\/","token":"38.2\/10\/1\/38.2-1000","dublin_core":{"Title":"Incorporation of domestic stock insurers","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1000","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Domestic stock insurers<\/span> shall be incorporated under the provisions of Article 3 (\u00a7 13.1-618<\/a> et seq.) of Chapter 9 of Title 13.1. A foreign insurer<\/span> may become a domestic insurer<\/span> under the provisions of Article 11 (\u00a7 13.1-705<\/a> et seq.) or Article 12 (\u00a7 13.1-715.1<\/a> et seq.) of Chapter 9 of Title 13.1. Except as otherwise provided in this title, domestic stock insurers<\/span> shall be subject to all the general restrictions and shall have all the general powers imposed and conferred by law<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nINCORPORATION OF DOMESTIC STOCK INSURERS (\u00a7 38.2-1000)\n\nDomestic stock insurers shall be incorporated under the provisions of Article 3\n(\u00a7 13.1-618 et seq.) of Chapter 9 of Title 13.1. A foreign insurer may become a\ndomestic insurer under the provisions of Article 11 (\u00a7 13.1-705 et seq.) or\nArticle 12 (\u00a7 13.1-715.1 et seq.) of Chapter 9 of Title 13.1. Except as\notherwise provided in this title, domestic stock insurers shall be subject to\nall the general restrictions and shall have all the general powers imposed and\nconferred by law.\n\nHISTORY: Code 1950, \u00a7\u00a7 38-27, 38-28; 1952, c. 317, \u00a7 38.1-71; 1956, c. 431;\n1986, c. 562; 1995, c. 69; 2005, c. 765.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}