{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1301.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1301.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1301.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1301.html"}],"law_id":85708,"edition_id":1,"section_id":85708,"structure_id":14762,"section_number":"38.2-1301","catch_line":"Additional reports","history":"Code 1950, \u00a7 38-122; 1952, c. 317, \u00a7 38.1-160; 1986, c. 562; 1991, c. 312; 1992, c. 588; 1994, c. 308.","full_text":"A\n\nIn addition to the annual statement, the Commission may require a licensed insurer to file additional reports, exhibits or statements considered necessary to secure complete information concerning the condition, solvency, experience, transactions or affairs of the insurer. The Commission shall establish deadlines for filing these additional reports, exhibits or statements and may require verification by any officers of the insurer designated by the Commission.B\n\nThe Commission may require a domestic, foreign or alien insurer that is authorized to transact insurance in this Commonwealth to file with the National Association of Insurance Commissioners (NAIC) a copy of the insurer’s financial statement required to be filed pursuant to § 38.2-1301, on a quarterly basis. Unless otherwise prescribed by the Commission, all such financial statements, whether filed with the Commission or the NAIC, shall be prepared in accordance with applicable provisions of the annual statement instructions and the accounting practices and procedures manuals adopted by the NAIC, or any successor publications. The Commission may prescribe that additional copies of financial statements and other reports be filed in machine-readable format.","order_by":null,"text":{"0":{"id":306992,"text":"In addition to the annual statement, the Commission may require a licensed insurer to file additional reports, exhibits or statements considered necessary to secure complete information concerning the condition, solvency, experience, transactions or affairs of the insurer. The Commission shall establish deadlines for filing these additional reports, exhibits or statements and may require verification by any officers of the insurer designated by the Commission.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":306993,"text":"The Commission may require a domestic, foreign or alien insurer that is authorized to transact insurance in this Commonwealth to file with the National Association of Insurance Commissioners (NAIC) a copy of the insurer’s financial statement required to be filed pursuant to § 38.2-1301, on a quarterly basis. Unless otherwise prescribed by the Commission, all such financial statements, whether filed with the Commission or the NAIC, shall be prepared in accordance with applicable provisions of the annual statement instructions and the accounting practices and procedures manuals adopted by the NAIC, or any successor publications. The Commission may prescribe that additional copies of financial statements and other reports be filed in machine-readable format.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":14762,"edition_id":1,"name":"Annual Statements and Other Reports","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":13289,"metadata":{},"date_created":"2026-06-26 03:49:46","date_modified":"2026-06-26 03:49:46","permalink":{"id":211349,"object_type":"structure","relational_id":14762,"identifier":"1","token":"38.2\/13\/1","url":"\/38.2\/13\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13289,"edition_id":1,"name":"Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents","identifier":"13","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:44:35","date_modified":"2026-06-26 03:44:35","permalink":{"id":211347,"object_type":"structure","relational_id":13289,"identifier":"13","token":"38.2\/13","url":"\/38.2\/13\/","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":81115,"structure_id":14762,"section_number":"38.2-1300","catch_line":"Annual statements","url":"\/38.2-1300\/","token":"38.2\/13\/1\/38.2-1300","metadata":false},{"id":85708,"structure_id":14762,"section_number":"38.2-1301","catch_line":"Additional reports","url":"\/38.2-1301\/","token":"38.2\/13\/1\/38.2-1301","metadata":false},{"id":63391,"structure_id":14762,"section_number":"38.2-1301.1","catch_line":"Material transaction disclosures","url":"\/38.2-1301.1\/","token":"38.2\/13\/1\/38.2-1301.1","metadata":false},{"id":76238,"structure_id":14762,"section_number":"38.2-1302","catch_line":"Extension of filing time","url":"\/38.2-1302\/","token":"38.2\/13\/1\/38.2-1302","metadata":false},{"id":78348,"structure_id":14762,"section_number":"38.2-1303","catch_line":"Printed forms to be filed by insurers; certificates to domestic insurers","url":"\/38.2-1303\/","token":"38.2\/13\/1\/38.2-1303","metadata":false},{"id":79510,"structure_id":14762,"section_number":"38.2-1304","catch_line":"False statements, reports, etc., deemed a Class 5 felony","url":"\/38.2-1304\/","token":"38.2\/13\/1\/38.2-1304","metadata":false},{"id":78544,"structure_id":14762,"section_number":"38.2-1305","catch_line":"Voluntary reports","url":"\/38.2-1305\/","token":"38.2\/13\/1\/38.2-1305","metadata":false},{"id":56521,"structure_id":14762,"section_number":"38.2-1306","catch_line":"Reports to be open to public inspection","url":"\/38.2-1306\/","token":"38.2\/13\/1\/38.2-1306","metadata":false},{"id":76602,"structure_id":14762,"section_number":"38.2-1306.1","catch_line":"Insurance companies' analyses confidential","url":"\/38.2-1306.1\/","token":"38.2\/13\/1\/38.2-1306.1","metadata":false}],"previous_section":{"id":81115,"structure_id":14762,"section_number":"38.2-1300","catch_line":"Annual statements","url":"\/38.2-1300\/","token":"38.2\/13\/1\/38.2-1300","metadata":false},"next_section":{"id":63391,"structure_id":14762,"section_number":"38.2-1301.1","catch_line":"Material transaction disclosures","url":"\/38.2-1301.1\/","token":"38.2\/13\/1\/38.2-1301.1","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1301\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 5 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; in 1991, chapter 312; in 1992, chapter 588; in 1994, chapter 308<\/a>.<\/p>","references":[{"id":85708,"section_number":"38.2-1301","catch_line":"Additional reports","order_by":null,"url":"\/38.2-1301\/"},{"id":78544,"section_number":"38.2-1305","catch_line":"Voluntary reports","order_by":null,"url":"\/38.2-1305\/"},{"id":56521,"section_number":"38.2-1306","catch_line":"Reports to be open to public inspection","order_by":null,"url":"\/38.2-1306\/"},{"id":57145,"section_number":"38.2-1401","catch_line":"Definitions","order_by":null,"url":"\/38.2-1401\/"},{"id":80503,"section_number":"38.2-1405","catch_line":"Dates of determination","order_by":null,"url":"\/38.2-1405\/"},{"id":63734,"section_number":"38.2-4410","catch_line":"Financial reports","order_by":null,"url":"\/38.2-4410\/"}],"refers_to":[{"id":85708,"section_number":"38.2-1301","catch_line":"Additional reports","order_by":null,"url":"\/38.2-1301\/"}],"permalink":{"id":211355,"object_type":"law","relational_id":85708,"identifier":"38.2-1301","token":"38.2\/13\/1\/38.2-1301","url":"\/38.2-1301\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1301\/","token":"38.2\/13\/1\/38.2-1301","dublin_core":{"Title":"Additional reports","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1301","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> In addition to the annual statement, the Commission<\/span> may require a licensed insurer<\/span> to file additional reports, exhibits or statements considered necessary to secure complete information concerning the condition, solvency, experience, transactions or affairs of the insurer<\/span>. The Commission<\/span> shall establish deadlines for filing these additional reports, exhibits or statements and may require verification by any officers of the insurer<\/span> designated by the Commission<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The Commission<\/span> may require a domestic, foreign or alien insurer<\/span> that is authorized to transact insurance<\/span> in this Commonwealth to file with the National Association of Insurance<\/span> Commissioners<\/span> (NAIC) a copy of the insurer<\/span>’s financial statement required to be filed pursuant to § 38.2-1301<\/a>, on a quarterly basis. Unless otherwise prescribed by the Commission<\/span>, all such financial statements, whether filed with the Commission<\/span> or the NAIC, shall be prepared in accordance with applicable provisions of the annual statement instructions and the accounting practices and procedures manuals adopted by the NAIC, or any successor publications. The Commission<\/span> may prescribe that additional copies of financial statements and other reports be filed in machine-readable format. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nADDITIONAL REPORTS (\u00a7 38.2-1301)\n\nA. In addition to the annual statement, the Commission may require a licensed\ninsurer to file additional reports, exhibits or statements considered necessary\nto secure complete information concerning the condition, solvency, experience,\ntransactions or affairs of the insurer. The Commission shall establish deadlines\nfor filing these additional reports, exhibits or statements and may require\nverification by any officers of the insurer designated by the Commission.\n\nB. The Commission may require a domestic, foreign or alien insurer that is\nauthorized to transact insurance in this Commonwealth to file with the National\nAssociation of Insurance Commissioners (NAIC) a copy of the insurer’s\nfinancial statement required to be filed pursuant to § 38.2-1301, on a\nquarterly basis. Unless otherwise prescribed by the Commission, all such\nfinancial statements, whether filed with the Commission or the NAIC, shall be\nprepared in accordance with applicable provisions of the annual statement\ninstructions and the accounting practices and procedures manuals adopted by the\nNAIC, or any successor publications. The Commission may prescribe that\nadditional copies of financial statements and other reports be filed in\nmachine-readable format.\n\nHISTORY: Code 1950, \u00a7 38-122; 1952, c. 317, \u00a7 38.1-160; 1986, c. 562; 1991, c.\n312; 1992, c. 588; 1994, c. 308.","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}}