{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1500.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1500.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1500.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1500.html"}],"law_id":66658,"edition_id":1,"section_id":66658,"structure_id":15197,"section_number":"38.2-1500","catch_line":"Scope of chapter","history":"1952, c. 317, \u00a7 38.1-126; 1986, c. 562.","full_text":"This chapter shall, except as otherwise stated, apply to every insurer transacting, attempting to transact, or representing itself as transacting an insurance business in this Commonwealth, or which is in the process of organization as an insurer.","order_by":null,"text":{"0":{"id":241803,"text":"This chapter shall, except as otherwise stated, apply to every insurer transacting, attempting to transact, or representing itself as transacting an insurance business in this Commonwealth, or which is in the process of organization as an insurer.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15197,"edition_id":1,"name":"Rehabilitation and Liquidation of Insurers","identifier":"15","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:52:54","date_modified":"2026-06-26 03:52:54","permalink":{"id":212117,"object_type":"structure","relational_id":15197,"identifier":"15","token":"38.2\/15","url":"\/38.2\/15\/","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":66658,"structure_id":15197,"section_number":"38.2-1500","catch_line":"Scope of chapter","url":"\/38.2-1500\/","token":"38.2\/15\/38.2-1500","metadata":false},{"id":70981,"structure_id":15197,"section_number":"38.2-1501","catch_line":"Definitions","url":"\/38.2-1501\/","token":"38.2\/15\/38.2-1501","metadata":false},{"id":70456,"structure_id":15197,"section_number":"38.2-1502","catch_line":"Jurisdiction and procedure","url":"\/38.2-1502\/","token":"38.2\/15\/38.2-1502","metadata":false},{"id":69543,"structure_id":15197,"section_number":"38.2-1503","catch_line":"Grounds for delinquency proceedings commenced by Commission against domestic insurer","url":"\/38.2-1503\/","token":"38.2\/15\/38.2-1503","metadata":false},{"id":57983,"structure_id":15197,"section_number":"38.2-1504","catch_line":"Requirements when proceedings instituted by any person other than Commission","url":"\/38.2-1504\/","token":"38.2\/15\/38.2-1504","metadata":false},{"id":75038,"structure_id":15197,"section_number":"38.2-1505","catch_line":"Commission may apply for receiver and for other relief; what orders court may enter","url":"\/38.2-1505\/","token":"38.2\/15\/38.2-1505","metadata":false},{"id":68865,"structure_id":15197,"section_number":"38.2-1506","catch_line":"Requirements when receiver appointed; disbursement of available assets to association, etc","url":"\/38.2-1506\/","token":"38.2\/15\/38.2-1506","metadata":false},{"id":81475,"structure_id":15197,"section_number":"38.2-1507","catch_line":"Further procedure; injunction may be issued","url":"\/38.2-1507\/","token":"38.2\/15\/38.2-1507","metadata":false},{"id":75610,"structure_id":15197,"section_number":"38.2-1508","catch_line":"Powers of Commission when authorized to rehabilitate or liquidate companies","url":"\/38.2-1508\/","token":"38.2\/15\/38.2-1508","metadata":false},{"id":66006,"structure_id":15197,"section_number":"38.2-1509","catch_line":"Powers of Commission when authorized to rehabilitate or liquidate insurers by court order; disbursement of available assets to an association, etc","url":"\/38.2-1509\/","token":"38.2\/15\/38.2-1509","metadata":false},{"id":84217,"structure_id":15197,"section_number":"38.2-1510","catch_line":"Commission may appoint assistants in connection with rehabilitation or liquidation","url":"\/38.2-1510\/","token":"38.2\/15\/38.2-1510","metadata":false},{"id":69985,"structure_id":15197,"section_number":"38.2-1511","catch_line":"Borrowing on pledge of assets","url":"\/38.2-1511\/","token":"38.2\/15\/38.2-1511","metadata":false},{"id":69044,"structure_id":15197,"section_number":"38.2-1512","catch_line":"Rights and liabilities fixed upon liquidation","url":"\/38.2-1512\/","token":"38.2\/15\/38.2-1512","metadata":false},{"id":77564,"structure_id":15197,"section_number":"38.2-1513","catch_line":"Voidable transfers","url":"\/38.2-1513\/","token":"38.2\/15\/38.2-1513","metadata":false},{"id":60160,"structure_id":15197,"section_number":"38.2-1514","catch_line":"Priority of claims for wages","url":"\/38.2-1514\/","token":"38.2\/15\/38.2-1514","metadata":false},{"id":75937,"structure_id":15197,"section_number":"38.2-1515","catch_line":"Mutual debts or credits, how treated","url":"\/38.2-1515\/","token":"38.2\/15\/38.2-1515","metadata":false},{"id":82543,"structure_id":15197,"section_number":"38.2-1516","catch_line":"Receivers to file reports, etc., with Commission","url":"\/38.2-1516\/","token":"38.2\/15\/38.2-1516","metadata":false},{"id":81714,"structure_id":15197,"section_number":"38.2-1517","catch_line":"What included in annual report of Commission","url":"\/38.2-1517\/","token":"38.2\/15\/38.2-1517","metadata":false},{"id":70097,"structure_id":15197,"section_number":"38.2-1518","catch_line":"Rehabilitation or mutualization of companies","url":"\/38.2-1518\/","token":"38.2\/15\/38.2-1518","metadata":false},{"id":57858,"structure_id":15197,"section_number":"38.2-1519","catch_line":"Termination of rehabilitation; when liquidation may be entered","url":"\/38.2-1519\/","token":"38.2\/15\/38.2-1519","metadata":false},{"id":68871,"structure_id":15197,"section_number":"38.2-1520","catch_line":"Liquidation of alien insurers","url":"\/38.2-1520\/","token":"38.2\/15\/38.2-1520","metadata":false},{"id":60418,"structure_id":15197,"section_number":"38.2-1521","catch_line":"Conservation of assets of foreign or alien insurer; when liquidation may be entered","url":"\/38.2-1521\/","token":"38.2\/15\/38.2-1521","metadata":false},{"id":83355,"structure_id":15197,"section_number":"38.2-1522","catch_line":"Qualified financial contracts","url":"\/38.2-1522\/","token":"38.2\/15\/38.2-1522","metadata":false}],"next_section":{"id":70981,"structure_id":15197,"section_number":"38.2-1501","catch_line":"Definitions","url":"\/38.2-1501\/","token":"38.2\/15\/38.2-1501","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1500\/","history_text":"<p>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":[{"id":81139,"section_number":"15.2-2707","catch_line":"Filing of annual financial statements, deficit correction financial plan with State Corporation Commission required","order_by":null,"url":"\/15.2-2707\/"},{"id":77733,"section_number":"32.1-374","catch_line":"Obligations of nonprofit entity","order_by":null,"url":"\/32.1-374\/"},{"id":56902,"section_number":"38.2-1005.1:1","catch_line":"Definitions","order_by":null,"url":"\/38.2-1005.1_1\/"},{"id":55817,"section_number":"38.2-1016.1","catch_line":"Conversion of a health maintenance organization to an accident and sickness insurer","order_by":null,"url":"\/38.2-1016.1\/"},{"id":80849,"section_number":"38.2-1035","catch_line":"Domestic insurers to maintain minimum capital and surplus; proceedings by Commission if impairment found","order_by":null,"url":"\/38.2-1035\/"},{"id":70085,"section_number":"38.2-1048","catch_line":"Return of deposits","order_by":null,"url":"\/38.2-1048\/"},{"id":77796,"section_number":"38.2-1330","catch_line":"Standards for transactions within an insurance holding company system; adequacy of surplus","order_by":null,"url":"\/38.2-1330\/"},{"id":59046,"section_number":"38.2-1356","catch_line":"Penalties and liabilities; grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license","order_by":null,"url":"\/38.2-1356\/"},{"id":83354,"section_number":"38.2-1363","catch_line":"Penalties and liabilities; grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license","order_by":null,"url":"\/38.2-1363\/"},{"id":64362,"section_number":"38.2-1400","catch_line":"Scope and purpose of chapter","order_by":null,"url":"\/38.2-1400\/"},{"id":60790,"section_number":"38.2-1446","catch_line":"Prohibition of hypothecation","order_by":null,"url":"\/38.2-1446\/"},{"id":81301,"section_number":"38.2-1603","catch_line":"Definitions","order_by":null,"url":"\/38.2-1603\/"},{"id":64087,"section_number":"38.2-3420","catch_line":"Authority and jurisdiction of Commission; exception","order_by":null,"url":"\/38.2-3420\/"},{"id":84318,"section_number":"38.2-4012","catch_line":"Disposition of reserve for an emergency fund; discontinuance of business; receiver","order_by":null,"url":"\/38.2-4012\/"},{"id":65309,"section_number":"38.2-4123","catch_line":"Exemptions","order_by":null,"url":"\/38.2-4123\/"},{"id":68139,"section_number":"38.2-4130","catch_line":"Injunction; liquidation; receivership of domestic society","order_by":null,"url":"\/38.2-4130\/"},{"id":70935,"section_number":"38.2-4214.1","catch_line":"Rehabilitation, liquidation, conservation","order_by":null,"url":"\/38.2-4214.1\/"},{"id":84555,"section_number":"38.2-4310","catch_line":"Protection against insolvency","order_by":null,"url":"\/38.2-4310\/"},{"id":67952,"section_number":"38.2-4319","catch_line":"Statutory construction and relationship to other laws","order_by":null,"url":"\/38.2-4319\/"},{"id":75181,"section_number":"38.2-4408.1","catch_line":"Rehabilitation, liquidation, conservation","order_by":null,"url":"\/38.2-4408.1\/"},{"id":64334,"section_number":"38.2-4811.1","catch_line":"Surplus lines coverage placed with domestic surplus lines insurers","order_by":null,"url":"\/38.2-4811.1\/"},{"id":67232,"section_number":"38.2-5501","catch_line":"Definitions","order_by":null,"url":"\/38.2-5501\/"},{"id":85425,"section_number":"38.2-5505","catch_line":"Authorized Control Level Event","order_by":null,"url":"\/38.2-5505\/"},{"id":69962,"section_number":"38.2-5506","catch_line":"Mandatory Control Level Event","order_by":null,"url":"\/38.2-5506\/"},{"id":67266,"section_number":"38.2-5509","catch_line":"Supplemental provisions; rules; exemption","order_by":null,"url":"\/38.2-5509\/"},{"id":80850,"section_number":"38.2-5510","catch_line":"Foreign licensees","order_by":null,"url":"\/38.2-5510\/"},{"id":70748,"section_number":"38.2-6103","catch_line":"Issuance of license; capital and surplus; impairment","order_by":null,"url":"\/38.2-6103\/"}],"refers_to":false,"permalink":{"id":212119,"object_type":"law","relational_id":66658,"identifier":"38.2-1500","token":"38.2\/15\/38.2-1500","url":"\/38.2-1500\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1500\/","token":"38.2\/15\/38.2-1500","dublin_core":{"Title":"Scope of chapter","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1500","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>This chapter shall, except as otherwise stated, apply to every <span class=\"dictionary\">insurer<\/span> transacting, attempting to transact, or representing itself as transacting an <span class=\"dictionary\">insurance<\/span> business in this Commonwealth, or which is in the process of organization as an <span class=\"dictionary\">insurer<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nSCOPE OF CHAPTER (\u00a7 38.2-1500)\n\nThis chapter shall, except as otherwise stated, apply to every insurer\ntransacting, attempting to transact, or representing itself as transacting an\ninsurance business in this Commonwealth, or which is in the process of\norganization as an insurer.\n\nHISTORY: 1952, c. 317, \u00a7 38.1-126; 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}}