{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-3801.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-3801.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-3801.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-3801.html"}],"law_id":83921,"edition_id":1,"section_id":83921,"structure_id":14124,"section_number":"38.2-3801","catch_line":"Cooperative nonprofit life benefit company defined","history":"Code 1950, \u00a7 38-467; 1952, c. 317, \u00a7 38.1-497; 1986, c. 562.","full_text":"A\n\nAny company that (i) is organized without capital stock, (ii) has a representative form of government, (iii) conducts its business under the provisions of this chapter without profit and for the sole benefit of its members and their beneficiaries, (iv) issues benefit certificates or policies of life insurance, annuities, or accident and sickness insurance, or any combination of those classes of insurance, upon its members, and (v) maintains the reserves required in this chapter on all contracts issued by it to its members, shall be a cooperative nonprofit life benefit company.B\n\nAs used in this chapter, “company” means a cooperative nonprofit life benefit company as defined in subsection A of this section.","order_by":null,"text":{"0":{"id":300738,"text":"Any company that (i) is organized without capital stock, (ii) has a representative form of government, (iii) conducts its business under the provisions of this chapter without profit and for the sole benefit of its members and their beneficiaries, (iv) issues benefit certificates or policies of life insurance, annuities, or accident and sickness insurance, or any combination of those classes of insurance, upon its members, and (v) maintains the reserves required in this chapter on all contracts issued by it to its members, shall be a cooperative nonprofit life benefit company.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":300739,"text":"As used in this chapter, “company” means a cooperative nonprofit life benefit company as defined in subsection A of this section.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":14124,"edition_id":1,"name":"General Provisions","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":14123,"metadata":{},"date_created":"2026-06-26 03:46:56","date_modified":"2026-06-26 03:46:56","permalink":{"id":216151,"object_type":"structure","relational_id":14124,"identifier":"1","token":"38.2\/38\/1","url":"\/38.2\/38\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14123,"edition_id":1,"name":"Cooperative Nonprofit Life Benefit Companies","identifier":"38","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:46:56","date_modified":"2026-06-26 03:46:56","permalink":{"id":216149,"object_type":"structure","relational_id":14123,"identifier":"38","token":"38.2\/38","url":"\/38.2\/38\/","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":82567,"structure_id":14124,"section_number":"38.2-3800","catch_line":"Scope of chapter","url":"\/38.2-3800\/","token":"38.2\/38\/1\/38.2-3800","metadata":false},{"id":83921,"structure_id":14124,"section_number":"38.2-3801","catch_line":"Cooperative nonprofit life benefit company defined","url":"\/38.2-3801\/","token":"38.2\/38\/1\/38.2-3801","metadata":false},{"id":56417,"structure_id":14124,"section_number":"38.2-3802","catch_line":"Continuation of existing companies","url":"\/38.2-3802\/","token":"38.2\/38\/1\/38.2-3802","metadata":false},{"id":83235,"structure_id":14124,"section_number":"38.2-3803","catch_line":"Licensing of additional companies prohibited","url":"\/38.2-3803\/","token":"38.2\/38\/1\/38.2-3803","metadata":false},{"id":76174,"structure_id":14124,"section_number":"38.2-3804","catch_line":"What laws applicable","url":"\/38.2-3804\/","token":"38.2\/38\/1\/38.2-3804","metadata":false},{"id":78730,"structure_id":14124,"section_number":"38.2-3805","catch_line":"General powers of company; limitation on increase in rates","url":"\/38.2-3805\/","token":"38.2\/38\/1\/38.2-3805","metadata":false},{"id":70610,"structure_id":14124,"section_number":"38.2-3806","catch_line":"Constitution and bylaws","url":"\/38.2-3806\/","token":"38.2\/38\/1\/38.2-3806","metadata":false},{"id":75364,"structure_id":14124,"section_number":"38.2-3807","catch_line":"Governing body; board of directors","url":"\/38.2-3807\/","token":"38.2\/38\/1\/38.2-3807","metadata":false},{"id":60669,"structure_id":14124,"section_number":"38.2-3808","catch_line":"Filing copies of constitution and bylaws","url":"\/38.2-3808\/","token":"38.2\/38\/1\/38.2-3808","metadata":false},{"id":55260,"structure_id":14124,"section_number":"38.2-3809","catch_line":"How a company may become legal reserve life insurer","url":"\/38.2-3809\/","token":"38.2\/38\/1\/38.2-3809","metadata":false},{"id":81565,"structure_id":14124,"section_number":"38.2-3810","catch_line":"Institutions maintainable; company a charitable institution","url":"\/38.2-3810\/","token":"38.2\/38\/1\/38.2-3810","metadata":false},{"id":59119,"structure_id":14124,"section_number":"38.2-3811","catch_line":"Benefits not subject to process","url":"\/38.2-3811\/","token":"38.2\/38\/1\/38.2-3811","metadata":false},{"id":76995,"structure_id":14124,"section_number":"38.2-3812","catch_line":"Tax on gross premium receipts","url":"\/38.2-3812\/","token":"38.2\/38\/1\/38.2-3812","metadata":false},{"id":79691,"structure_id":14124,"section_number":"38.2-3813","catch_line":"Suits against company","url":"\/38.2-3813\/","token":"38.2\/38\/1\/38.2-3813","metadata":false}],"previous_section":{"id":82567,"structure_id":14124,"section_number":"38.2-3800","catch_line":"Scope of chapter","url":"\/38.2-3800\/","token":"38.2\/38\/1\/38.2-3800","metadata":false},"next_section":{"id":56417,"structure_id":14124,"section_number":"38.2-3802","catch_line":"Continuation of existing companies","url":"\/38.2-3802\/","token":"38.2\/38\/1\/38.2-3802","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3801\/","history_text":"

The record of this law\u2019s original creation isn\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 1952, chapter 317; in 1986, chapter 562.<\/p>","references":[{"id":82567,"section_number":"38.2-3800","catch_line":"Scope of chapter","order_by":null,"url":"\/38.2-3800\/"},{"id":77304,"section_number":"38.2-5800","catch_line":"Definitions","order_by":null,"url":"\/38.2-5800\/"}],"refers_to":false,"permalink":{"id":216157,"object_type":"law","relational_id":83921,"identifier":"38.2-3801","token":"38.2\/38\/1\/38.2-3801","url":"\/38.2-3801\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-3801\/","token":"38.2\/38\/1\/38.2-3801","dublin_core":{"Title":"Cooperative nonprofit life benefit company defined","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3801","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Any company<\/span> that (i) is organized without capital stock, (ii) has a representative form of government, (iii) conducts its business under the provisions of this chapter without profit and for the sole benefit of its members and their beneficiaries, (iv) issues<\/span> benefit certificates or policies of life insurance<\/span>, annuities, or accident and sickness insurance<\/span>, or any combination of those classes of insurance<\/span>, upon its members, and (v) maintains the reserves required in this chapter on all contracts<\/span> issued by it to its members, shall be a cooperative nonprofit life benefit company<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> As used in this chapter, “company<\/span>” means a cooperative nonprofit life benefit company<\/span> as defined in subsection A of this section. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCOOPERATIVE NONPROFIT LIFE BENEFIT COMPANY DEFINED (\u00a7 38.2-3801)\n\nA. Any company that (i) is organized without capital stock, (ii) has a\nrepresentative form of government, (iii) conducts its business under the\nprovisions of this chapter without profit and for the sole benefit of its\nmembers and their beneficiaries, (iv) issues benefit certificates or policies of\nlife insurance, annuities, or accident and sickness insurance, or any\ncombination of those classes of insurance, upon its members, and (v) maintains\nthe reserves required in this chapter on all contracts issued by it to its\nmembers, shall be a cooperative nonprofit life benefit company.\n\nB. As used in this chapter, “company” means a cooperative nonprofit\nlife benefit company as defined in subsection A of this section.\n\nHISTORY: Code 1950, \u00a7 38-467; 1952, c. 317, \u00a7 38.1-497; 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}}