{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1019.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1019.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1019.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1019.html"}],"law_id":60287,"edition_id":1,"section_id":60287,"structure_id":15724,"section_number":"38.2-1019","catch_line":"Change of status from foreign to domestic insurer","history":"1983, c. 441, \u00a7 38.1-949; 1986, c. 562; 2000, c. 169.","full_text":"A\n\nAny foreign insurer licensed to transact the business of insurance in this Commonwealth may become a domestic insurer upon (i) complying with the requirements for formation of a domestic insurer under Article 1 (§ 38.2-1000 et seq.) of this chapter at the date of redomestication, and (ii) promptly filing any necessary amendments to its articles of incorporation, charters, bylaws and other corporate documents. When those requirements have been met, the Commission may issue a license dated as of the date of redomestication in accordance with the provisions of Article 5 (§ 38.2-1024 et seq.) of this chapter to permit the company to transact the business of insurance in the Commonwealth as a domestic insurer. Such insurer shall be recognized under the laws of this Commonwealth as an insurer initially licensed in another jurisdiction, as of the date it was first licensed as an insurer in its original domiciliary state.B\n\nAn insurer that changes its status from foreign to domestic in accordance with subsection A of this section has all the rights, titles and interests in the assets of the original corporation, as well as all of its liabilities and obligations.","order_by":null,"text":{"0":{"id":220446,"text":"Any foreign insurer licensed to transact the business of insurance in this Commonwealth may become a domestic insurer upon (i) complying with the requirements for formation of a domestic insurer under Article 1 (§ 38.2-1000 et seq.) of this chapter at the date of redomestication, and (ii) promptly filing any necessary amendments to its articles of incorporation, charters, bylaws and other corporate documents. When those requirements have been met, the Commission may issue a license dated as of the date of redomestication in accordance with the provisions of Article 5 (§ 38.2-1024 et seq.) of this chapter to permit the company to transact the business of insurance in the Commonwealth as a domestic insurer. Such insurer shall be recognized under the laws of this Commonwealth as an insurer initially licensed in another jurisdiction, as of the date it was first licensed as an insurer in its original domiciliary state.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":220447,"text":"An insurer that changes its status from foreign to domestic in accordance with subsection A of this section has all the rights, titles and interests in the assets of the original corporation, as well as all of its liabilities and obligations.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":15724,"edition_id":1,"name":"Redomestication of Insurers","identifier":"4","label":"article","depth":3,"order_by":1,"parent_id":12858,"metadata":{},"date_created":"2026-06-26 03:58:23","date_modified":"2026-06-26 03:58:23","permalink":{"id":210999,"object_type":"structure","relational_id":15724,"identifier":"4","token":"38.2\/10\/4","url":"\/38.2\/10\/4\/","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":60287,"structure_id":15724,"section_number":"38.2-1019","catch_line":"Change of status from foreign to domestic insurer","url":"\/38.2-1019\/","token":"38.2\/10\/4\/38.2-1019","metadata":false},{"id":83082,"structure_id":15724,"section_number":"38.2-1020","catch_line":"Transfer of domicile from Virginia to another state","url":"\/38.2-1020\/","token":"38.2\/10\/4\/38.2-1020","metadata":false},{"id":79476,"structure_id":15724,"section_number":"38.2-1021","catch_line":"Change of domicile of foreign insurer to another foreign state","url":"\/38.2-1021\/","token":"38.2\/10\/4\/38.2-1021","metadata":false},{"id":87297,"structure_id":15724,"section_number":"38.2-1022","catch_line":"Commission to be notified of proposed transfer of domicile","url":"\/38.2-1022\/","token":"38.2\/10\/4\/38.2-1022","metadata":false},{"id":86929,"structure_id":15724,"section_number":"38.2-1023","catch_line":"Effect of transfer of domicile on certificate of authority, agents' appointments and licenses, etc","url":"\/38.2-1023\/","token":"38.2\/10\/4\/38.2-1023","metadata":false}],"next_section":{"id":83082,"structure_id":15724,"section_number":"38.2-1020","catch_line":"Transfer of domicile from Virginia to another state","url":"\/38.2-1020\/","token":"38.2\/10\/4\/38.2-1020","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1019\/","history_text":"

This law was first created in 1983. The record of its establishment is cataloged in chapter 441 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1983 \u201cActs\u201d aren\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 1986, chapter 562; in 2000, chapter 169<\/a>.<\/p>","references":false,"refers_to":[{"id":58285,"section_number":"38.2-1000","catch_line":"Incorporation of domestic stock insurers","order_by":null,"url":"\/38.2-1000\/"},{"id":86158,"section_number":"38.2-1024","catch_line":"License required to transact the business of insurance; application fee requirements for license","order_by":null,"url":"\/38.2-1024\/"}],"permalink":{"id":211001,"object_type":"law","relational_id":60287,"identifier":"38.2-1019","token":"38.2\/10\/4\/38.2-1019","url":"\/38.2-1019\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1019\/","token":"38.2\/10\/4\/38.2-1019","dublin_core":{"Title":"Change of status from foreign to domestic insurer","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1019","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Any foreign insurer<\/span> licensed to transact the business of insurance<\/span> in this Commonwealth may become a domestic insurer<\/span> upon (i) complying with the requirements for formation of a domestic insurer<\/span> under Article 1 (§ 38.2-1000<\/a> et seq.) of this chapter at the date of redomestication, and (ii) promptly filing any necessary amendments to its articles of incorporation, charters, bylaws and other corporate documents. When those requirements have been met, the Commission<\/span> may issue<\/span> a license dated as of the date of redomestication in accordance with the provisions of Article 5 (§ 38.2-1024<\/a> et seq.) of this chapter to permit the company<\/span> to transact the business of insurance<\/span> in the Commonwealth as a domestic insurer<\/span>. Such insurer<\/span> shall be recognized under the laws<\/span> of this Commonwealth as an insurer<\/span> initially licensed in another jurisdiction<\/span>, as of the date it was first licensed as an insurer<\/span> in its original domiciliary state<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> An insurer<\/span> that changes its status from foreign to domestic in accordance with subsection A of this section has all the rights, titles and interests in the assets<\/span> of the original corporation, as well as all of its liabilities and obligations. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCHANGE OF STATUS FROM FOREIGN TO DOMESTIC INSURER (\u00a7 38.2-1019)\n\nA. Any foreign insurer licensed to transact the business of insurance in this\nCommonwealth may become a domestic insurer upon (i) complying with the\nrequirements for formation of a domestic insurer under Article 1 (§\n38.2-1000 et seq.) of this chapter at the date of redomestication, and (ii)\npromptly filing any necessary amendments to its articles of incorporation,\ncharters, bylaws and other corporate documents. When those requirements have\nbeen met, the Commission may issue a license dated as of the date of\nredomestication in accordance with the provisions of Article 5 (§ 38.2-1024\net seq.) of this chapter to permit the company to transact the business of\ninsurance in the Commonwealth as a domestic insurer. Such insurer shall be\nrecognized under the laws of this Commonwealth as an insurer initially licensed\nin another jurisdiction, as of the date it was first licensed as an insurer in\nits original domiciliary state.\n\nB. An insurer that changes its status from foreign to domestic in accordance\nwith subsection A of this section has all the rights, titles and interests in\nthe assets of the original corporation, as well as all of its liabilities and\nobligations.\n\nHISTORY: 1983, c. 441, \u00a7 38.1-949; 1986, c. 562; 2000, c. 169.","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}}