{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1020.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1020.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1020.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1020.html"}],"law_id":83082,"edition_id":1,"section_id":83082,"structure_id":15724,"section_number":"38.2-1020","catch_line":"Transfer of domicile from Virginia to another state","history":"1983, c. 441, \u00a7 38.1-950; 1986, c. 562.","full_text":"Any domestic insurer, upon the approval of the Commission, may transfer its domicile from this Commonwealth to any other state in which it is licensed to transact the business of insurance. The Commission may approve the proposed transfer of domicile if it determines that the transfer is in the best interests of the insurer’s policyholders and this Commonwealth. If the Commission does not approve the transfer, it shall give the insurer written notice of the refusal and the reasons for it within thirty days after the date the request for transfer was made. If the request for transfer is granted and the insurer is otherwise qualified, it may transact the business of insurance in this Commonwealth as a foreign insurer without interruption in licensing.","order_by":null,"text":{"0":{"id":297757,"text":"Any domestic insurer, upon the approval of the Commission, may transfer its domicile from this Commonwealth to any other state in which it is licensed to transact the business of insurance. The Commission may approve the proposed transfer of domicile if it determines that the transfer is in the best interests of the insurer’s policyholders and this Commonwealth. If the Commission does not approve the transfer, it shall give the insurer written notice of the refusal and the reasons for it within thirty days after the date the request for transfer was made. If the request for transfer is granted and the insurer is otherwise qualified, it may transact the business of insurance in this Commonwealth as a foreign insurer without interruption in licensing.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"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}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1020\/","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 1 time. 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. That modification is as follows: in 1986, chapter 562.<\/p>","references":false,"refers_to":false,"permalink":{"id":211005,"object_type":"law","relational_id":83082,"identifier":"38.2-1020","token":"38.2\/10\/4\/38.2-1020","url":"\/38.2-1020\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1020\/","token":"38.2\/10\/4\/38.2-1020","dublin_core":{"Title":"Transfer of domicile from Virginia to another state","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1020","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Any domestic insurer<\/span>, upon the approval of the Commission<\/span>, may transfer its domicile from this Commonwealth to any other state<\/span> in which it is licensed to transact the business of insurance<\/span>. The Commission<\/span> may approve the proposed transfer of domicile if it determines that the transfer is in the best interests of the insurer<\/span>’s policyholders and this Commonwealth. If the Commission<\/span> does not approve the transfer, it shall give the insurer<\/span> written notice of the refusal and the reasons for it within thirty days after the date the request for transfer was made. If the request for transfer is granted and the insurer<\/span> is otherwise qualified, it may transact the business of insurance<\/span> in this Commonwealth as a foreign insurer<\/span> without interruption in licensing.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTRANSFER OF DOMICILE FROM VIRGINIA TO ANOTHER STATE (\u00a7 38.2-1020)\n\nAny domestic insurer, upon the approval of the Commission, may transfer its\ndomicile from this Commonwealth to any other state in which it is licensed to\ntransact the business of insurance. The Commission may approve the proposed\ntransfer of domicile if it determines that the transfer is in the best interests\nof the insurer’s policyholders and this Commonwealth. If the Commission\ndoes not approve the transfer, it shall give the insurer written notice of the\nrefusal and the reasons for it within thirty days after the date the request for\ntransfer was made. If the request for transfer is granted and the insurer is\notherwise qualified, it may transact the business of insurance in this\nCommonwealth as a foreign insurer without interruption in licensing.\n\nHISTORY: 1983, c. 441, \u00a7 38.1-950; 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}}