{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1342.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1342.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1342.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1342.html"}],"law_id":71309,"edition_id":1,"section_id":71309,"structure_id":16474,"section_number":"38.2-1342","catch_line":"Applicability","history":"1993, c. 158; 2014, c. 248; 2017, c. 643.","full_text":"A\n\nAll provisions of this article shall apply to domestic insurers.B\n\nEffective January 1, 1994, any foreign insurer not domiciled and licensed in an accredited state shall confirm, at least once every five years, as a condition of licensing and licensing renewal, its compliance with the provisions of this article or those of a substantially similar law enacted by an accredited state in which the insurer is licensed. The method of confirmation shall be determined by the Commission and may include examination of such foreign insurer and its controlling producer pursuant to Article 4 (§ 38.2-1317 et seq.) of Chapter 13. Any foreign insurer that is unable to confirm substantial compliance in a manner satisfactory to the Commission shall be subject to all of the provisions of this title.C\n\nAll provisions of Article 5 (§ 38.2-1322 et seq.), Article 5.1 (§ 38.2-1334.3 et seq.), and Article 5.2 (§ 38.2-1334.11 et seq.) of this chapter and Article 2 (§ 38.2-4230 et seq.) of Chapter 42, to the extent they are not superseded by the provisions of this article, shall continue to apply to all parties within holding company systems subject to this article.","order_by":null,"text":{"0":{"id":257029,"text":"All provisions of this article shall apply to domestic insurers.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":257030,"text":"Effective January 1, 1994, any foreign insurer not domiciled and licensed in an accredited state shall confirm, at least once every five years, as a condition of licensing and licensing renewal, its compliance with the provisions of this article or those of a substantially similar law enacted by an accredited state in which the insurer is licensed. The method of confirmation shall be determined by the Commission and may include examination of such foreign insurer and its controlling producer pursuant to Article 4 (§ 38.2-1317 et seq.) of Chapter 13. Any foreign insurer that is unable to confirm substantial compliance in a manner satisfactory to the Commission shall be subject to all of the provisions of this title.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":257031,"text":"All provisions of Article 5 (§ 38.2-1322 et seq.), Article 5.1 (§ 38.2-1334.3 et seq.), and Article 5.2 (§ 38.2-1334.11 et seq.) of this chapter and Article 2 (§ 38.2-4230 et seq.) of Chapter 42, to the extent they are not superseded by the provisions of this article, shall continue to apply to all parties within holding company systems subject to this article.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":16474,"edition_id":1,"name":"Business Transacted With Producer-Controlled Property and Casualty Insurer Act","identifier":"7","label":"article","depth":3,"order_by":1,"parent_id":13289,"metadata":{},"date_created":"2026-06-26 04:20:01","date_modified":"2026-06-26 04:20:01","permalink":{"id":211785,"object_type":"structure","relational_id":16474,"identifier":"7","token":"38.2\/13\/7","url":"\/38.2\/13\/7\/","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":84358,"structure_id":16474,"section_number":"38.2-1341","catch_line":"Definitions","url":"\/38.2-1341\/","token":"38.2\/13\/7\/38.2-1341","metadata":false},{"id":71309,"structure_id":16474,"section_number":"38.2-1342","catch_line":"Applicability","url":"\/38.2-1342\/","token":"38.2\/13\/7\/38.2-1342","metadata":false},{"id":87325,"structure_id":16474,"section_number":"38.2-1343","catch_line":"Minimum standards","url":"\/38.2-1343\/","token":"38.2\/13\/7\/38.2-1343","metadata":false},{"id":78695,"structure_id":16474,"section_number":"38.2-1344","catch_line":"Disclosure","url":"\/38.2-1344\/","token":"38.2\/13\/7\/38.2-1344","metadata":false},{"id":79001,"structure_id":16474,"section_number":"38.2-1345","catch_line":"Penalties","url":"\/38.2-1345\/","token":"38.2\/13\/7\/38.2-1345","metadata":false},{"id":69357,"structure_id":16474,"section_number":"38.2-1346","catch_line":"Licensure","url":"\/38.2-1346\/","token":"38.2\/13\/7\/38.2-1346","metadata":false}],"previous_section":{"id":84358,"structure_id":16474,"section_number":"38.2-1341","catch_line":"Definitions","url":"\/38.2-1341\/","token":"38.2\/13\/7\/38.2-1341","metadata":false},"next_section":{"id":87325,"structure_id":16474,"section_number":"38.2-1343","catch_line":"Minimum standards","url":"\/38.2-1343\/","token":"38.2\/13\/7\/38.2-1343","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1342\/","history_text":"

This law was first created in 1993. The record of its establishment is cataloged in chapter 158 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 1993 \u201cActs\u201d aren\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 2014, chapter 248<\/a>; in 2017, chapter 643<\/a>.<\/p>","references":false,"refers_to":[{"id":85909,"section_number":"38.2-1317","catch_line":"Examinations; when authorized or required","order_by":null,"url":"\/38.2-1317\/"},{"id":66587,"section_number":"38.2-1322","catch_line":"Definitions","order_by":null,"url":"\/38.2-1322\/"},{"id":65917,"section_number":"38.2-1334.11","catch_line":"Definitions","order_by":null,"url":"\/38.2-1334.11\/"},{"id":66267,"section_number":"38.2-1334.3","catch_line":"Definitions","order_by":null,"url":"\/38.2-1334.3\/"},{"id":57275,"section_number":"38.2-4230","catch_line":"Definitions","order_by":null,"url":"\/38.2-4230\/"}],"permalink":{"id":211791,"object_type":"law","relational_id":71309,"identifier":"38.2-1342","token":"38.2\/13\/7\/38.2-1342","url":"\/38.2-1342\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1342\/","token":"38.2\/13\/7\/38.2-1342","dublin_core":{"Title":"Applicability","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1342","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> All provisions of this article shall apply to domestic insurers<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Effective January 1, 1994, any foreign insurer<\/span> not domiciled and licensed in an accredited state<\/span> shall confirm, at least once every five years, as a condition of licensing and licensing renewal, its compliance with the provisions of this article or those of a substantially similar law<\/span> enacted by an accredited state<\/span> in which the insurer is licensed. The method of confirmation shall be determined by the Commission<\/span> and may include examination of such foreign insurer<\/span> and its controlling producer<\/span> pursuant to Article 4 (§ 38.2-1317<\/a> et seq.) of Chapter 13. Any foreign insurer<\/span> that is unable to confirm substantial compliance in a manner satisfactory to the Commission<\/span> shall be subject to all of the provisions of this title. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> All provisions of Article 5 (§ 38.2-1322<\/a> et seq.), Article 5.1 (§ 38.2-1334.3<\/a> et seq.), and Article 5.2 (§ 38.2-1334.11<\/a> et seq.) of this chapter and Article 2 (§ 38.2-4230<\/a> et seq.) of Chapter 42, to the extent they are not superseded by the provisions of this article, shall continue to apply to all parties within holding company<\/span> systems subject to this article. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nAPPLICABILITY (\u00a7 38.2-1342)\n\nA. All provisions of this article shall apply to domestic insurers.\n\nB. Effective January 1, 1994, any foreign insurer not domiciled and licensed in\nan accredited state shall confirm, at least once every five years, as a\ncondition of licensing and licensing renewal, its compliance with the provisions\nof this article or those of a substantially similar law enacted by an accredited\nstate in which the insurer is licensed. The method of confirmation shall be\ndetermined by the Commission and may include examination of such foreign insurer\nand its controlling producer pursuant to Article 4 (§ 38.2-1317 et seq.) of\nChapter 13. Any foreign insurer that is unable to confirm substantial compliance\nin a manner satisfactory to the Commission shall be subject to all of the\nprovisions of this title.\n\nC. All provisions of Article 5 (§ 38.2-1322 et seq.), Article 5.1 (§\n38.2-1334.3 et seq.), and Article 5.2 (§ 38.2-1334.11 et seq.) of this\nchapter and Article 2 (§ 38.2-4230 et seq.) of Chapter 42, to the extent\nthey are not superseded by the provisions of this article, shall continue to\napply to all parties within holding company systems subject to this article.\n\nHISTORY: 1993, c. 158; 2014, c. 248; 2017, c. 643.","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}}