{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1219.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1219.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1219.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1219.html"}],"law_id":82841,"edition_id":1,"section_id":82841,"structure_id":13370,"section_number":"38.2-1219","catch_line":"Organization of reciprocals; what declaration to contain","history":"Code 1950, \u00a7 38-546; 1952, c. 317, \u00a7 38.1-709; 1986, c. 562.","full_text":"A\n\nTwenty-five or more persons domiciled in this Commonwealth and designated as subscribers may organize a domestic reciprocal and apply to the Commission for a license to transact the business of insurance. The original subscribers and the proposed attorney shall execute and file with the Commission a declaration setting forth:1\n\nThe name of the attorney, and the name of the reciprocal;2\n\nThe location of the reciprocal’s principal office, which shall be the same as that of the attorney, and shall be in this Commonwealth;3\n\nThe classes of insurance proposed to be written;4\n\nThe names and addresses of the original subscribers;5\n\nThe designation and appointment of the attorney, and a copy of the power of attorney and subscriber’s agreement;6\n\nThe names and addresses of the officers and directors of the attorney if a corporation, or of its members if not a corporation;7\n\nThe powers of the subscribers’ advisory committee, and the names and terms of office of its members;8\n\nA statement that each of the original subscribers has in good faith applied for insurance of the class proposed to be written and that the reciprocal has received from each original subscriber the anticipated premium or premium deposit for a term of not less than six months for the policy for which application is made;9\n\nA statement of the financial condition of the reciprocal including a schedule of its assets;10\n\nA statement that the reciprocal has the surplus to policyholders required by § 38.2-1206; and11\n\nA copy of each policy, endorsement and application form it proposes to issue or use.B\n\nThe declaration shall be acknowledged by each original subscriber and by the attorney in the manner required for the acknowledgment of deeds in § 55.1-612.","order_by":null,"text":{"0":{"id":296961,"text":"Twenty-five or more persons domiciled in this Commonwealth and designated as subscribers may organize a domestic reciprocal and apply to the Commission for a license to transact the business of insurance. The original subscribers and the proposed attorney shall execute and file with the Commission a declaration setting forth:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":296962,"text":"The name of the attorney, and the name of the reciprocal;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":296963,"text":"The location of the reciprocal’s principal office, which shall be the same as that of the attorney, and shall be in this Commonwealth;","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":296964,"text":"The classes of insurance proposed to be written;","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":296965,"text":"The names and addresses of the original subscribers;","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"A5"},"5":{"id":296966,"text":"The designation and appointment of the attorney, and a copy of the power of attorney and subscriber’s agreement;","type":"section","prefixes":["A","5"],"prefix":"5","entire_prefix":"A5","prefix_anchor":"A5","level":2,"prior_prefix":"A4","next_prefix":"A6"},"6":{"id":296967,"text":"The names and addresses of the officers and directors of the attorney if a corporation, or of its members if not a corporation;","type":"section","prefixes":["A","6"],"prefix":"6","entire_prefix":"A6","prefix_anchor":"A6","level":2,"prior_prefix":"A5","next_prefix":"A7"},"7":{"id":296968,"text":"The powers of the subscribers’ advisory committee, and the names and terms of office of its members;","type":"section","prefixes":["A","7"],"prefix":"7","entire_prefix":"A7","prefix_anchor":"A7","level":2,"prior_prefix":"A6","next_prefix":"A8"},"8":{"id":296969,"text":"A statement that each of the original subscribers has in good faith applied for insurance of the class proposed to be written and that the reciprocal has received from each original subscriber the anticipated premium or premium deposit for a term of not less than six months for the policy for which application is made;","type":"section","prefixes":["A","8"],"prefix":"8","entire_prefix":"A8","prefix_anchor":"A8","level":2,"prior_prefix":"A7","next_prefix":"A9"},"9":{"id":296970,"text":"A statement of the financial condition of the reciprocal including a schedule of its assets;","type":"section","prefixes":["A","9"],"prefix":"9","entire_prefix":"A9","prefix_anchor":"A9","level":2,"prior_prefix":"A8","next_prefix":"A10"},"10":{"id":296971,"text":"A statement that the reciprocal has the surplus to policyholders required by § 38.2-1206; and","type":"section","prefixes":["A","10"],"prefix":"10","entire_prefix":"A10","prefix_anchor":"A10","level":2,"prior_prefix":"A9","next_prefix":"A11"},"11":{"id":296972,"text":"A copy of each policy, endorsement and application form it proposes to issue or use.","type":"section","prefixes":["A","11"],"prefix":"11","entire_prefix":"A11","prefix_anchor":"A11","level":2,"prior_prefix":"A10","next_prefix":"B"},"12":{"id":296973,"text":"The declaration shall be acknowledged by each original subscriber and by the attorney in the manner required for the acknowledgment of deeds in § 55.1-612.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A11"}},"ancestry":[{"id":13370,"edition_id":1,"name":"Domestic Reciprocals","identifier":"2","label":"article","depth":3,"order_by":1,"parent_id":13369,"metadata":{},"date_created":"2026-06-26 03:44:43","date_modified":"2026-06-26 03:44:43","permalink":{"id":211293,"object_type":"structure","relational_id":13370,"identifier":"2","token":"38.2\/12\/2","url":"\/38.2\/12\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13369,"edition_id":1,"name":"Reciprocal Insurance","identifier":"12","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:44:43","date_modified":"2026-06-26 03:44:43","permalink":{"id":211213,"object_type":"structure","relational_id":13369,"identifier":"12","token":"38.2\/12","url":"\/38.2\/12\/","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":82841,"structure_id":13370,"section_number":"38.2-1219","catch_line":"Organization of reciprocals; what declaration to contain","url":"\/38.2-1219\/","token":"38.2\/12\/2\/38.2-1219","metadata":false},{"id":70255,"structure_id":13370,"section_number":"38.2-1220","catch_line":"Attorney to file bond","url":"\/38.2-1220\/","token":"38.2\/12\/2\/38.2-1220","metadata":false},{"id":59865,"structure_id":13370,"section_number":"38.2-1221","catch_line":"Deposit instead of bond","url":"\/38.2-1221\/","token":"38.2\/12\/2\/38.2-1221","metadata":false},{"id":55197,"structure_id":13370,"section_number":"38.2-1222","catch_line":"Subscribers' advisory committee","url":"\/38.2-1222\/","token":"38.2\/12\/2\/38.2-1222","metadata":false},{"id":86660,"structure_id":13370,"section_number":"38.2-1223","catch_line":"Subscriber's agreement and power of attorney","url":"\/38.2-1223\/","token":"38.2\/12\/2\/38.2-1223","metadata":false},{"id":58066,"structure_id":13370,"section_number":"38.2-1224","catch_line":"Modification of power of attorney and subscriber's agreement","url":"\/38.2-1224\/","token":"38.2\/12\/2\/38.2-1224","metadata":false},{"id":54344,"structure_id":13370,"section_number":"38.2-1225","catch_line":"Contributions","url":"\/38.2-1225\/","token":"38.2\/12\/2\/38.2-1225","metadata":false},{"id":81495,"structure_id":13370,"section_number":"38.2-1226","catch_line":"Assessments","url":"\/38.2-1226\/","token":"38.2\/12\/2\/38.2-1226","metadata":false},{"id":55134,"structure_id":13370,"section_number":"38.2-1227","catch_line":"Time limit for assessment","url":"\/38.2-1227\/","token":"38.2\/12\/2\/38.2-1227","metadata":false},{"id":75854,"structure_id":13370,"section_number":"38.2-1228","catch_line":"Subscribers' share in assets","url":"\/38.2-1228\/","token":"38.2\/12\/2\/38.2-1228","metadata":false},{"id":84183,"structure_id":13370,"section_number":"38.2-1229","catch_line":"Impaired reciprocals","url":"\/38.2-1229\/","token":"38.2\/12\/2\/38.2-1229","metadata":false},{"id":72446,"structure_id":13370,"section_number":"38.2-1230","catch_line":"Material transactions","url":"\/38.2-1230\/","token":"38.2\/12\/2\/38.2-1230","metadata":false},{"id":64155,"structure_id":13370,"section_number":"38.2-1231","catch_line":"Attorney's financial statement","url":"\/38.2-1231\/","token":"38.2\/12\/2\/38.2-1231","metadata":false}],"next_section":{"id":70255,"structure_id":13370,"section_number":"38.2-1220","catch_line":"Attorney to file bond","url":"\/38.2-1220\/","token":"38.2\/12\/2\/38.2-1220","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1219\/","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":[{"id":82054,"section_number":"38.2-1216","catch_line":"Clerk of Commission to be appointed agent for service of process; procedure thereafter","order_by":null,"url":"\/38.2-1216\/"},{"id":70255,"section_number":"38.2-1220","catch_line":"Attorney to file bond","order_by":null,"url":"\/38.2-1220\/"},{"id":86660,"section_number":"38.2-1223","catch_line":"Subscriber's agreement and power of attorney","order_by":null,"url":"\/38.2-1223\/"}],"refers_to":[{"id":86167,"section_number":"38.2-1206","catch_line":"License required of reciprocals; surplus","order_by":null,"url":"\/38.2-1206\/"},{"id":54760,"section_number":"55.1-612","catch_line":"Acknowledgment within the United States or its dependencies","order_by":null,"url":"\/55.1-612\/"}],"permalink":{"id":211295,"object_type":"law","relational_id":82841,"identifier":"38.2-1219","token":"38.2\/12\/2\/38.2-1219","url":"\/38.2-1219\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1219\/","token":"38.2\/12\/2\/38.2-1219","dublin_core":{"Title":"Organization of reciprocals; what declaration to contain","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1219","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Twenty-five or more persons<\/span> domiciled in this Commonwealth and designated as subscribers may organize a domestic reciprocal and apply to the Commission<\/span> for a license to transact the business of insurance<\/span>. The original subscribers and the proposed attorney shall execute and file with the Commission<\/span> a declaration setting forth: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The name of the attorney, and the name of the reciprocal; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The location of the reciprocal’s principal office, which shall be the same as that of the attorney, and shall be in this Commonwealth; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> The classes of insurance<\/span> proposed to be written; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> The names and addresses of the original subscribers; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> The designation and appointment of the attorney, and a copy of the power of attorney<\/span> and subscriber’s agreement; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> The names and addresses of the officers and directors of the attorney if a corporation, or of its members if not a corporation; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> The powers of the subscribers’ advisory committee, and the names and terms of office of its members; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> A statement that each of the original subscribers has in good faith applied for insurance<\/span> of the class proposed to be written and that the reciprocal has received from each original subscriber the anticipated premium or premium deposit for a term of not less than six months for the policy for which application is made; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

9.<\/span> A statement of the financial condition of the reciprocal including a schedule of its assets<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

10.<\/span> A statement that the reciprocal has the surplus to policyholders<\/span> required by § 38.2-1206<\/a>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

11.<\/span> A copy of each policy, endorsement and application form it proposes to issue<\/span> or use. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The declaration shall be acknowledged by each original subscriber and by the attorney in the manner required for the acknowledgment of deeds in § 55.1-612<\/a>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nORGANIZATION OF RECIPROCALS; WHAT DECLARATION TO CONTAIN (\u00a7 38.2-1219)\n\nA. Twenty-five or more persons domiciled in this Commonwealth and designated as\nsubscribers may organize a domestic reciprocal and apply to the Commission for a\nlicense to transact the business of insurance. The original subscribers and the\nproposed attorney shall execute and file with the Commission a declaration\nsetting forth:\n\n 1. The name of the attorney, and the name of the reciprocal;\n\n 2. The location of the reciprocal’s principal office, which shall be the\n same as that of the attorney, and shall be in this Commonwealth;\n\n 3. The classes of insurance proposed to be written;\n\n 4. The names and addresses of the original subscribers;\n\n 5. The designation and appointment of the attorney, and a copy of the power of\n attorney and subscriber’s agreement;\n\n 6. The names and addresses of the officers and directors of the attorney if a\n corporation, or of its members if not a corporation;\n\n 7. The powers of the subscribers’ advisory committee, and the names and\n terms of office of its members;\n\n 8. A statement that each of the original subscribers has in good faith applied\n for insurance of the class proposed to be written and that the reciprocal has\n received from each original subscriber the anticipated premium or premium\n deposit for a term of not less than six months for the policy for which\n application is made;\n\n 9. A statement of the financial condition of the reciprocal including a\n schedule of its assets;\n\n 10. A statement that the reciprocal has the surplus to policyholders required\n by § 38.2-1206; and\n\n 11. A copy of each policy, endorsement and application form it proposes to\n issue or use.\n\nB. The declaration shall be acknowledged by each original subscriber and by the\nattorney in the manner required for the acknowledgment of deeds in §\n55.1-612.\n\nHISTORY: Code 1950, \u00a7 38-546; 1952, c. 317, \u00a7 38.1-709; 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}}