{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1003.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1003.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1003.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1003.html"}],"law_id":82745,"edition_id":1,"section_id":82745,"structure_id":15310,"section_number":"38.2-1003","catch_line":"When corporate status attained; bylaws filed with Commission","history":"Code 1950, \u00a7 38-503; 1952, c. 317, \u00a7 38.1-76; 1986, c. 562.","full_text":"A domestic mutual insurer shall have legal existence as soon as the charter has been recorded with the Commission, after which the board of directors named in the charter may adopt bylaws and accept applications for insurance. However, no insurance shall be put in force until the insurer has been licensed to transact the business of insurance as provided by this chapter. The bylaws and any amendments shall be filed with the Commission within thirty days after adoption.","order_by":null,"text":{"0":{"id":296418,"text":"A domestic mutual insurer shall have legal existence as soon as the charter has been recorded with the Commission, after which the board of directors named in the charter may adopt bylaws and accept applications for insurance. However, no insurance shall be put in force until the insurer has been licensed to transact the business of insurance as provided by this chapter. The bylaws and any amendments shall be filed with the Commission within thirty days after adoption.","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}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1003\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 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 1986, chapter 562.<\/p>","references":false,"refers_to":false,"permalink":{"id":210867,"object_type":"law","relational_id":82745,"identifier":"38.2-1003","token":"38.2\/10\/1\/38.2-1003","url":"\/38.2-1003\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1003\/","token":"38.2\/10\/1\/38.2-1003","dublin_core":{"Title":"When corporate status attained; bylaws filed with Commission","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1003","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>A domestic mutual <span class=\"dictionary\">insurer<\/span> shall have legal existence as soon as the charter has been recorded with the <span class=\"dictionary\">Commission<\/span>, after which the board of directors named in the charter may adopt bylaws and accept applications for <span class=\"dictionary\">insurance<\/span>. However, no <span class=\"dictionary\">insurance<\/span> shall be put in force until the <span class=\"dictionary\">insurer<\/span> has been licensed to transact the business of <span class=\"dictionary\">insurance<\/span> as provided by this chapter. The bylaws and any amendments shall be filed with the <span class=\"dictionary\">Commission<\/span> within thirty days after adoption.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nWHEN CORPORATE STATUS ATTAINED; BYLAWS FILED WITH COMMISSION (\u00a7 38.2-1003)\n\nA domestic mutual insurer shall have legal existence as soon as the charter has\nbeen recorded with the Commission, after which the board of directors named in\nthe charter may adopt bylaws and accept applications for insurance. However, no\ninsurance shall be put in force until the insurer has been licensed to transact\nthe business of insurance as provided by this chapter. The bylaws and any\namendments shall be filed with the Commission within thirty days after adoption.\n\nHISTORY: Code 1950, \u00a7 38-503; 1952, c. 317, \u00a7 38.1-76; 1986, c. 562.","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}}