{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1050.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1050.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1050.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1050.html"}],"law_id":68732,"edition_id":1,"section_id":68732,"structure_id":13190,"section_number":"38.2-1050","catch_line":"Voluntary deposit in excess of amount required","history":"Code 1950, \u00a7 38-41; 1952, c. 317, \u00a7 38.1-114; 1966, c. 263; 1986, c. 562.","full_text":"Any domestic insurer, in order to comply with the laws of any other state or of the United States, may make a voluntary deposit with the State Treasurer in excess of the amount required by \u00a7 38.2-1045. This excess deposit shall be subject to all other applicable provisions of the laws of this Commonwealth relating to the deposits of insurers. However, this excess deposit shall be for the protection of all the insurer&#8217;s policyholders and general creditors, notwithstanding the provisions of \u00a7 38.2-1046.","order_by":null,"text":{"0":{"id":248813,"text":"Any domestic insurer, in order to comply with the laws of any other state or of the United States, may make a voluntary deposit with the State Treasurer in excess of the amount required by \u00a7 38.2-1045. This excess deposit shall be subject to all other applicable provisions of the laws of this Commonwealth relating to the deposits of insurers. However, this excess deposit shall be for the protection of all the insurer&#8217;s policyholders and general creditors, notwithstanding the provisions of \u00a7 38.2-1046.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13190,"edition_id":1,"name":"Deposits","identifier":"7","label":"article","depth":3,"order_by":1,"parent_id":12858,"metadata":{},"date_created":"2026-06-26 03:44:25","date_modified":"2026-06-26 03:44:25","permalink":{"id":211113,"object_type":"structure","relational_id":13190,"identifier":"7","token":"38.2\/10\/7","url":"\/38.2\/10\/7\/","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":57089,"structure_id":13190,"section_number":"38.2-1045","catch_line":"Deposits required of insurers generally","url":"\/38.2-1045\/","token":"38.2\/10\/7\/38.2-1045","metadata":false},{"id":74487,"structure_id":13190,"section_number":"38.2-1046","catch_line":"Purpose of deposits; enforcement of lien","url":"\/38.2-1046\/","token":"38.2\/10\/7\/38.2-1046","metadata":false},{"id":84776,"structure_id":13190,"section_number":"38.2-1047","catch_line":"How deposits applied to payment of claims; deficit to be made good","url":"\/38.2-1047\/","token":"38.2\/10\/7\/38.2-1047","metadata":false},{"id":70085,"structure_id":13190,"section_number":"38.2-1048","catch_line":"Return of deposits","url":"\/38.2-1048\/","token":"38.2\/10\/7\/38.2-1048","metadata":false},{"id":76125,"structure_id":13190,"section_number":"38.2-1049","catch_line":"Alternate deposit requirements","url":"\/38.2-1049\/","token":"38.2\/10\/7\/38.2-1049","metadata":false},{"id":68732,"structure_id":13190,"section_number":"38.2-1050","catch_line":"Voluntary deposit in excess of amount required","url":"\/38.2-1050\/","token":"38.2\/10\/7\/38.2-1050","metadata":false},{"id":71747,"structure_id":13190,"section_number":"38.2-1051","catch_line":"Repealed","url":"\/38.2-1051\/","token":"38.2\/10\/7\/38.2-1051","metadata":false},{"id":54504,"structure_id":13190,"section_number":"38.2-1052","catch_line":"Exchange of securities","url":"\/38.2-1052\/","token":"38.2\/10\/7\/38.2-1052","metadata":false},{"id":77959,"structure_id":13190,"section_number":"38.2-1053","catch_line":"Interest on deposits; to whom paid","url":"\/38.2-1053\/","token":"38.2\/10\/7\/38.2-1053","metadata":false},{"id":80518,"structure_id":13190,"section_number":"38.2-1054","catch_line":"Duty of State Treasurer when securities deposited are paid","url":"\/38.2-1054\/","token":"38.2\/10\/7\/38.2-1054","metadata":false},{"id":56201,"structure_id":13190,"section_number":"38.2-1055","catch_line":"Annual report of State Treasurer to Commission","url":"\/38.2-1055\/","token":"38.2\/10\/7\/38.2-1055","metadata":false},{"id":68518,"structure_id":13190,"section_number":"38.2-1056","catch_line":"Treasurer to receipt for deposits; responsibility of Commonwealth; taxation of deposited bonds","url":"\/38.2-1056\/","token":"38.2\/10\/7\/38.2-1056","metadata":false},{"id":54205,"structure_id":13190,"section_number":"38.2-1057","catch_line":"Assessment for expense of holding deposits; Insurance Collateral Assessment Fund","url":"\/38.2-1057\/","token":"38.2\/10\/7\/38.2-1057","metadata":false},{"id":74173,"structure_id":13190,"section_number":"38.2-1058","catch_line":"Felony for State Treasurer to dispose of securities illegally","url":"\/38.2-1058\/","token":"38.2\/10\/7\/38.2-1058","metadata":false}],"previous_section":{"id":76125,"structure_id":13190,"section_number":"38.2-1049","catch_line":"Alternate deposit requirements","url":"\/38.2-1049\/","token":"38.2\/10\/7\/38.2-1049","metadata":false},"next_section":{"id":71747,"structure_id":13190,"section_number":"38.2-1051","catch_line":"Repealed","url":"\/38.2-1051\/","token":"38.2\/10\/7\/38.2-1051","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1050\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 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 1966, chapter 263; in 1986, chapter 562.<\/p>","references":[{"id":70085,"section_number":"38.2-1048","catch_line":"Return of deposits","order_by":null,"url":"\/38.2-1048\/"}],"refers_to":[{"id":57089,"section_number":"38.2-1045","catch_line":"Deposits required of insurers generally","order_by":null,"url":"\/38.2-1045\/"},{"id":74487,"section_number":"38.2-1046","catch_line":"Purpose of deposits; enforcement of lien","order_by":null,"url":"\/38.2-1046\/"}],"permalink":{"id":211135,"object_type":"law","relational_id":68732,"identifier":"38.2-1050","token":"38.2\/10\/7\/38.2-1050","url":"\/38.2-1050\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1050\/","token":"38.2\/10\/7\/38.2-1050","dublin_core":{"Title":"Voluntary deposit in excess of amount required","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1050","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Any domestic <span class=\"dictionary\">insurer<\/span>, in <span class=\"dictionary\">order<\/span> to comply with the <span class=\"dictionary\">laws<\/span> of any other <span class=\"dictionary\">state<\/span> or of the United <span class=\"dictionary\">States<\/span>, may make a voluntary deposit with the <span class=\"dictionary\">State<\/span> Treasurer in excess of the amount required by \u00a7&nbsp;<a class=\"law\" title=\"Deposits required of insurers generally\" href=\"\/38.2-1045\/\">38.2-1045<\/a>. This excess deposit shall be subject to all other applicable provisions of the <span class=\"dictionary\">laws<\/span> of this Commonwealth relating to the deposits of <span class=\"dictionary\">insurers<\/span>. However, this excess deposit shall be for the protection of all the <span class=\"dictionary\">insurer<\/span>&#8217;s policyholders and general <span class=\"dictionary\">creditors<\/span>, notwithstanding the provisions of \u00a7&nbsp;<a class=\"law\" title=\"Purpose of deposits; enforcement of lien\" href=\"\/38.2-1046\/\">38.2-1046<\/a>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nVOLUNTARY DEPOSIT IN EXCESS OF AMOUNT REQUIRED (\u00a7 38.2-1050)\n\nAny domestic insurer, in order to comply with the laws of any other state or of\nthe United States, may make a voluntary deposit with the State Treasurer in\nexcess of the amount required by \u00a7 38.2-1045. This excess deposit shall be\nsubject to all other applicable provisions of the laws of this Commonwealth\nrelating to the deposits of insurers. However, this excess deposit shall be for\nthe protection of all the insurer&#8217;s policyholders and general creditors,\nnotwithstanding the provisions of \u00a7 38.2-1046.\n\nHISTORY: Code 1950, \u00a7 38-41; 1952, c. 317, \u00a7 38.1-114; 1966, c. 263; 1986, c.\n562.","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}}