{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1008.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1008.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1008.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1008.html"}],"law_id":60389,"edition_id":1,"section_id":60389,"structure_id":15461,"section_number":"38.2-1008","catch_line":"Conduct of and voting at meeting","history":"Code 1950, \u00a7 38-422; 1952, c. 317, \u00a7 38.1-491; 1986, c. 562.","full_text":"The meeting required by \u00a7 38.2-1006 shall be conducted in the manner provided in the plan, subject to the following requirements:\n\n1\n\nPolicyholders may vote in person, by proxy, or by mail, but all votes shall be cast by ballot; and2\n\nA representative of the Commission shall supervise the procedure of the meeting and shall appoint an adequate number of inspectors to oversee the voting at the meeting. The inspectors, acting under any rules and regulations prescribed by the Commission, shall have power to determine all questions concerning the verification and validity of the ballots, the qualifications of the voters, and the canvass of the vote. The inspectors shall certify the results of the voting to the representative of the Commission and to the insurer.\n\t\t\tAll necessary expenses incurred by the Commission or its representative in connection with the meeting shall be paid by the insurer.","order_by":null,"text":{"0":{"id":220862,"text":"The meeting required by \u00a7 38.2-1006 shall be conducted in the manner provided in the plan, subject to the following requirements:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":220863,"text":"Policyholders may vote in person, by proxy, or by mail, but all votes shall be cast by ballot; and","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":220864,"text":"A representative of the Commission shall supervise the procedure of the meeting and shall appoint an adequate number of inspectors to oversee the voting at the meeting. The inspectors, acting under any rules and regulations prescribed by the Commission, shall have power to determine all questions concerning the verification and validity of the ballots, the qualifications of the voters, and the canvass of the vote. The inspectors shall certify the results of the voting to the representative of the Commission and to the insurer.\n\t\t\tAll necessary expenses incurred by the Commission or its representative in connection with the meeting shall be paid by the insurer.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1"}},"ancestry":[{"id":15461,"edition_id":1,"name":"Conversion of Domestic Stock Insurer to Mutual Insurer","identifier":"2","label":"article","depth":3,"order_by":1,"parent_id":12858,"metadata":{},"date_created":"2026-06-26 03:55:12","date_modified":"2026-06-26 03:55:12","permalink":{"id":210937,"object_type":"structure","relational_id":15461,"identifier":"2","token":"38.2\/10\/2","url":"\/38.2\/10\/2\/","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":66586,"structure_id":15461,"section_number":"38.2-1006","catch_line":"Conversion of a domestic stock insurer to a mutual insurer","url":"\/38.2-1006\/","token":"38.2\/10\/2\/38.2-1006","metadata":false},{"id":63106,"structure_id":15461,"section_number":"38.2-1007","catch_line":"Notice to policyholders of meeting to approve conversion","url":"\/38.2-1007\/","token":"38.2\/10\/2\/38.2-1007","metadata":false},{"id":60389,"structure_id":15461,"section_number":"38.2-1008","catch_line":"Conduct of and voting at meeting","url":"\/38.2-1008\/","token":"38.2\/10\/2\/38.2-1008","metadata":false},{"id":60066,"structure_id":15461,"section_number":"38.2-1009","catch_line":"Payment for shares pursuant to conversion plan","url":"\/38.2-1009\/","token":"38.2\/10\/2\/38.2-1009","metadata":false},{"id":69061,"structure_id":15461,"section_number":"38.2-1010","catch_line":"How acquired shares held","url":"\/38.2-1010\/","token":"38.2\/10\/2\/38.2-1010","metadata":false},{"id":80248,"structure_id":15461,"section_number":"38.2-1011","catch_line":"Disposition of dividends after payments provided in conversion plan","url":"\/38.2-1011\/","token":"38.2\/10\/2\/38.2-1011","metadata":false},{"id":65293,"structure_id":15461,"section_number":"38.2-1012","catch_line":"Jurisdiction to compel completion of mutualization","url":"\/38.2-1012\/","token":"38.2\/10\/2\/38.2-1012","metadata":false},{"id":72720,"structure_id":15461,"section_number":"38.2-1013","catch_line":"Venue of proceedings","url":"\/38.2-1013\/","token":"38.2\/10\/2\/38.2-1013","metadata":false},{"id":81422,"structure_id":15461,"section_number":"38.2-1014","catch_line":"Parties and process","url":"\/38.2-1014\/","token":"38.2\/10\/2\/38.2-1014","metadata":false},{"id":64632,"structure_id":15461,"section_number":"38.2-1015","catch_line":"Determining value of stock outstanding; dismissal of petition or entry of decree requiring payment for and transfer of stock","url":"\/38.2-1015\/","token":"38.2\/10\/2\/38.2-1015","metadata":false},{"id":58891,"structure_id":15461,"section_number":"38.2-1016","catch_line":"Amendment of charter and bylaws; change of name; retirement and cancellation of stock; when mutualization effective; assets and liabilities; officers and directors; general restrictions and powers","url":"\/38.2-1016\/","token":"38.2\/10\/2\/38.2-1016","metadata":false}],"previous_section":{"id":63106,"structure_id":15461,"section_number":"38.2-1007","catch_line":"Notice to policyholders of meeting to approve conversion","url":"\/38.2-1007\/","token":"38.2\/10\/2\/38.2-1007","metadata":false},"next_section":{"id":60066,"structure_id":15461,"section_number":"38.2-1009","catch_line":"Payment for shares pursuant to conversion plan","url":"\/38.2-1009\/","token":"38.2\/10\/2\/38.2-1009","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1008\/","history_text":"

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":[{"id":66586,"section_number":"38.2-1006","catch_line":"Conversion of a domestic stock insurer to a mutual insurer","order_by":null,"url":"\/38.2-1006\/"}],"permalink":{"id":210947,"object_type":"law","relational_id":60389,"identifier":"38.2-1008","token":"38.2\/10\/2\/38.2-1008","url":"\/38.2-1008\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1008\/","token":"38.2\/10\/2\/38.2-1008","dublin_core":{"Title":"Conduct of and voting at meeting","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1008","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The meeting required by \u00a7 38.2-1006<\/a> shall be conducted in the manner provided in the plan, subject to the following requirements:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Policyholders may vote in person<\/span>, by proxy, or by mail, but all votes shall be cast by ballot; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> A representative of the Commission<\/span> shall supervise the procedure of the meeting and shall appoint an adequate number of inspectors to oversee the voting at the meeting. The inspectors, acting under any rules and regulations prescribed by the Commission<\/span>, shall have power to determine all questions concerning the verification and validity of the ballots, the qualifications of the voters, and the canvass of the vote. The inspectors shall certify the results of the voting to the representative of the Commission<\/span> and to the insurer<\/span>.\n\t\t\tAll necessary expenses incurred by the Commission<\/span> or its representative in connection with the meeting shall be paid by the insurer<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCONDUCT OF AND VOTING AT MEETING (\u00a7 38.2-1008)\n\nThe meeting required by \u00a7 38.2-1006 shall be conducted in the manner provided\nin the plan, subject to the following requirements:\n\n1. Policyholders may vote in person, by proxy, or by mail, but all votes shall\nbe cast by ballot; and\n\n2. A representative of the Commission shall supervise the procedure of the\nmeeting and shall appoint an adequate number of inspectors to oversee the voting\nat the meeting. The inspectors, acting under any rules and regulations\nprescribed by the Commission, shall have power to determine all questions\nconcerning the verification and validity of the ballots, the qualifications of\nthe voters, and the canvass of the vote. The inspectors shall certify the\nresults of the voting to the representative of the Commission and to the\ninsurer.\n\t\t\tAll necessary expenses incurred by the Commission or its representative in\nconnection with the meeting shall be paid by the insurer.\n\nHISTORY: Code 1950, \u00a7 38-422; 1952, c. 317, \u00a7 38.1-491; 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}}