{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1313.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1313.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1313.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1313.html"}],"law_id":83144,"edition_id":1,"section_id":83144,"structure_id":15039,"section_number":"38.2-1313","catch_line":"Loss records","history":"1952, c. 317, \u00a7 38.1-172; 1986, c. 562.","full_text":"Each insurer licensed to transact business in this Commonwealth shall, except for accident and sickness insurance as defined in \u00a7 38.2-109, maintain a complete and itemized record showing all losses and claims for which notice has been given. When necessary, the insurers shall maintain a record of all notices received of the occurrence of any event that may result in a loss.","order_by":null,"text":{"0":{"id":297942,"text":"Each insurer licensed to transact business in this Commonwealth shall, except for accident and sickness insurance as defined in \u00a7 38.2-109, maintain a complete and itemized record showing all losses and claims for which notice has been given. When necessary, the insurers shall maintain a record of all notices received of the occurrence of any event that may result in a loss.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15039,"edition_id":1,"name":"Reserves","identifier":"3","label":"article","depth":3,"order_by":1,"parent_id":13289,"metadata":{},"date_created":"2026-06-26 03:51:40","date_modified":"2026-06-26 03:51:40","permalink":{"id":211495,"object_type":"structure","relational_id":15039,"identifier":"3","token":"38.2\/13\/3","url":"\/38.2\/13\/3\/","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":60734,"structure_id":15039,"section_number":"38.2-1311","catch_line":"Valuation reserves","url":"\/38.2-1311\/","token":"38.2\/13\/3\/38.2-1311","metadata":false},{"id":57332,"structure_id":15039,"section_number":"38.2-1312","catch_line":"Unearned premium reserves","url":"\/38.2-1312\/","token":"38.2\/13\/3\/38.2-1312","metadata":false},{"id":83144,"structure_id":15039,"section_number":"38.2-1313","catch_line":"Loss records","url":"\/38.2-1313\/","token":"38.2\/13\/3\/38.2-1313","metadata":false},{"id":58606,"structure_id":15039,"section_number":"38.2-1314","catch_line":"Loss or claim reserves","url":"\/38.2-1314\/","token":"38.2\/13\/3\/38.2-1314","metadata":false},{"id":57402,"structure_id":15039,"section_number":"38.2-1315","catch_line":"Mortgage guaranty insurance contingency reserve","url":"\/38.2-1315\/","token":"38.2\/13\/3\/38.2-1315","metadata":false},{"id":81929,"structure_id":15039,"section_number":"38.2-1315.1","catch_line":"Actuarial statements of opinion, reports, memoranda, and summaries","url":"\/38.2-1315.1\/","token":"38.2\/13\/3\/38.2-1315.1","metadata":false},{"id":71920,"structure_id":15039,"section_number":"38.2-1316","catch_line":"Repealed","url":"\/38.2-1316\/","token":"38.2\/13\/3\/38.2-1316","metadata":false}],"previous_section":{"id":57332,"structure_id":15039,"section_number":"38.2-1312","catch_line":"Unearned premium reserves","url":"\/38.2-1312\/","token":"38.2\/13\/3\/38.2-1312","metadata":false},"next_section":{"id":58606,"structure_id":15039,"section_number":"38.2-1314","catch_line":"Loss or claim reserves","url":"\/38.2-1314\/","token":"38.2\/13\/3\/38.2-1314","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1313\/","history_text":"

This law was first created in 1952. The record of its establishment is cataloged in chapter 317 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 1952 \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":[{"id":75359,"section_number":"38.2-109","catch_line":"Accident and sickness","order_by":null,"url":"\/38.2-109\/"}],"permalink":{"id":211505,"object_type":"law","relational_id":83144,"identifier":"38.2-1313","token":"38.2\/13\/3\/38.2-1313","url":"\/38.2-1313\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1313\/","token":"38.2\/13\/3\/38.2-1313","dublin_core":{"Title":"Loss records","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1313","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Each insurer<\/span> licensed to transact business in this Commonwealth shall, except for accident and sickness insurance<\/span> as defined in \u00a7 38.2-109<\/a>, maintain a complete and itemized record showing all losses and claims for which notice has been given. When necessary, the insurers<\/span> shall maintain a record of all notices received of the occurrence of any event that may result in a loss.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nLOSS RECORDS (\u00a7 38.2-1313)\n\nEach insurer licensed to transact business in this Commonwealth shall, except\nfor accident and sickness insurance as defined in \u00a7 38.2-109, maintain a\ncomplete and itemized record showing all losses and claims for which notice has\nbeen given. When necessary, the insurers shall maintain a record of all notices\nreceived of the occurrence of any event that may result in a loss.\n\nHISTORY: 1952, c. 317, \u00a7 38.1-172; 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}}