{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-2515.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-2515.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-2515.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-2515.html"}],"law_id":67254,"edition_id":1,"section_id":67254,"structure_id":14916,"section_number":"38.2-2515","catch_line":"Insurers to maintain membership of 100 or more; license suspended or revoked if membership not maintained; rehabilitation or liquidation","history":"1952, c. 317, \u00a7 38.1-672; 1986, c. 562.","full_text":"Every mutual assessment property and casualty insurer shall maintain a membership of at least 100 persons at all times. Whenever the number of members falls below 100, the insurer shall notify the Commission immediately of that fact. Upon receipt of that notice, or upon information from any source that the membership of the insurer is less than 100, the Commission may revoke the insurer’s license, or may issue an order requiring the insurer to increase its membership to at least 100 within a designated period not exceeding 90 days.\n\t\tIf at the expiration of the designated period the membership has not been increased to at least 100, the Commission shall revoke the insurer’s license. Upon the revocation of its license as authorized in this section, delinquency proceedings against the insurer may be instituted and conducted as provided in Chapter 15 of this title.","order_by":null,"text":{"0":{"id":243750,"text":"Every mutual assessment property and casualty insurer shall maintain a membership of at least 100 persons at all times. Whenever the number of members falls below 100, the insurer shall notify the Commission immediately of that fact. Upon receipt of that notice, or upon information from any source that the membership of the insurer is less than 100, the Commission may revoke the insurer’s license, or may issue an order requiring the insurer to increase its membership to at least 100 within a designated period not exceeding 90 days.\n\t\tIf at the expiration of the designated period the membership has not been increased to at least 100, the Commission shall revoke the insurer’s license. Upon the revocation of its license as authorized in this section, delinquency proceedings against the insurer may be instituted and conducted as provided in Chapter 15 of this title.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14916,"edition_id":1,"name":"Members","identifier":"3","label":"article","depth":3,"order_by":1,"parent_id":13766,"metadata":{},"date_created":"2026-06-26 03:50:45","date_modified":"2026-06-26 03:50:45","permalink":{"id":213865,"object_type":"structure","relational_id":14916,"identifier":"3","token":"38.2\/25\/3","url":"\/38.2\/25\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13766,"edition_id":1,"name":"Mutual Assessment Property and Casualty Insurers","identifier":"25","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:45:49","date_modified":"2026-06-26 03:45:49","permalink":{"id":213811,"object_type":"structure","relational_id":13766,"identifier":"25","token":"38.2\/25","url":"\/38.2\/25\/","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":80694,"structure_id":14916,"section_number":"38.2-2512","catch_line":"Who may become members","url":"\/38.2-2512\/","token":"38.2\/25\/3\/38.2-2512","metadata":false},{"id":73136,"structure_id":14916,"section_number":"38.2-2513","catch_line":"Withdrawal and exclusion of members","url":"\/38.2-2513\/","token":"38.2\/25\/3\/38.2-2513","metadata":false},{"id":56928,"structure_id":14916,"section_number":"38.2-2514","catch_line":"Procedure upon exclusion of member","url":"\/38.2-2514\/","token":"38.2\/25\/3\/38.2-2514","metadata":false},{"id":67254,"structure_id":14916,"section_number":"38.2-2515","catch_line":"Insurers to maintain membership of 100 or more; license suspended or revoked if membership not maintained; rehabilitation or liquidation","url":"\/38.2-2515\/","token":"38.2\/25\/3\/38.2-2515","metadata":false}],"previous_section":{"id":56928,"structure_id":14916,"section_number":"38.2-2514","catch_line":"Procedure upon exclusion of member","url":"\/38.2-2514\/","token":"38.2\/25\/3\/38.2-2514","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-2515\/","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":[{"id":69543,"section_number":"38.2-1503","catch_line":"Grounds for delinquency proceedings commenced by Commission against domestic insurer","order_by":null,"url":"\/38.2-1503\/"}],"refers_to":false,"permalink":{"id":213879,"object_type":"law","relational_id":67254,"identifier":"38.2-2515","token":"38.2\/25\/3\/38.2-2515","url":"\/38.2-2515\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-2515\/","token":"38.2\/25\/3\/38.2-2515","dublin_core":{"Title":"Insurers to maintain membership of 100 or more; license suspended or revoked if membership not maintained; rehabilitation or liquidation","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-2515","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Every mutual assessment property and casualty insurer<\/span> shall maintain a membership of at least 100 persons<\/span> at all times. Whenever the number of members falls below 100, the insurer shall notify the Commission<\/span> immediately of that fact<\/span>. Upon receipt of that notice, or upon information from any source that the membership of the insurer is less than 100, the Commission<\/span> may revoke the insurer’s license, or may issue<\/span> an order<\/span> requiring the insurer to increase its membership to at least 100 within a designated period not exceeding 90 days.\n\t\tIf at the expiration of the designated period the membership has not been increased to at least 100, the Commission<\/span> shall revoke the insurer’s license. Upon the revocation<\/span> of its license as authorized in this section, delinquency proceedings against the insurer may be instituted and conducted as provided in Chapter 15 of this title.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nINSURERS TO MAINTAIN MEMBERSHIP OF 100 OR MORE; LICENSE SUSPENDED OR REVOKED IF\nMEMBERSHIP NOT MAINTAINED; REHABILITATION OR LIQUIDATION (\u00a7 38.2-2515)\n\nEvery mutual assessment property and casualty insurer shall maintain a\nmembership of at least 100 persons at all times. Whenever the number of members\nfalls below 100, the insurer shall notify the Commission immediately of that\nfact. Upon receipt of that notice, or upon information from any source that the\nmembership of the insurer is less than 100, the Commission may revoke the\ninsurer’s license, or may issue an order requiring the insurer to increase\nits membership to at least 100 within a designated period not exceeding 90 days.\n\t\tIf at the expiration of the designated period the membership has not been\nincreased to at least 100, the Commission shall revoke the insurer’s\nlicense. Upon the revocation of its license as authorized in this section,\ndelinquency proceedings against the insurer may be instituted and conducted as\nprovided in Chapter 15 of this title.\n\nHISTORY: 1952, c. 317, \u00a7 38.1-672; 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}}