{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-3920.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-3920.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-3920.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-3920.html"}],"law_id":87143,"edition_id":1,"section_id":87143,"structure_id":16768,"section_number":"38.2-3920","catch_line":"Surplus to policyowners","history":"1985, c. 400, \u00a7 38.1-549.21; 1986, c. 562.","full_text":"A\n\nA mutual assessment life, accident and sickness insurer shall have a minimum surplus to policyowners of $100,000.B\n\nIn order to write the classes of insurance referred to in Category C of § 38.2-3902, minimum surplus to policyowners shall be $800,000.","order_by":null,"text":{"0":{"id":312057,"text":"A mutual assessment life, accident and sickness insurer shall have a minimum surplus to policyowners of $100,000.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":312058,"text":"In order to write the classes of insurance referred to in Category C of § 38.2-3902, minimum surplus to policyowners shall be $800,000.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":16768,"edition_id":1,"name":"Financial Provisions","identifier":"5","label":"article","depth":3,"order_by":1,"parent_id":14069,"metadata":{},"date_created":"2026-06-26 04:40:34","date_modified":"2026-06-26 04:40:34","permalink":{"id":216321,"object_type":"structure","relational_id":16768,"identifier":"5","token":"38.2\/39\/5","url":"\/38.2\/39\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14069,"edition_id":1,"name":"Mutual Assessment Life, Accident and Sickness Insurers","identifier":"39","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:46:47","date_modified":"2026-06-26 03:46:47","permalink":{"id":216231,"object_type":"structure","relational_id":14069,"identifier":"39","token":"38.2\/39","url":"\/38.2\/39\/","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":87143,"structure_id":16768,"section_number":"38.2-3920","catch_line":"Surplus to policyowners","url":"\/38.2-3920\/","token":"38.2\/39\/5\/38.2-3920","metadata":false},{"id":84641,"structure_id":16768,"section_number":"38.2-3921","catch_line":"Limitation on single risk to be assumed","url":"\/38.2-3921\/","token":"38.2\/39\/5\/38.2-3921","metadata":false},{"id":78200,"structure_id":16768,"section_number":"38.2-3922","catch_line":"Reinsurance","url":"\/38.2-3922\/","token":"38.2\/39\/5\/38.2-3922","metadata":false},{"id":82798,"structure_id":16768,"section_number":"38.2-3923","catch_line":"Reserves required","url":"\/38.2-3923\/","token":"38.2\/39\/5\/38.2-3923","metadata":false}],"next_section":{"id":84641,"structure_id":16768,"section_number":"38.2-3921","catch_line":"Limitation on single risk to be assumed","url":"\/38.2-3921\/","token":"38.2\/39\/5\/38.2-3921","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3920\/","history_text":"

This law was first created in 1985. The record of its establishment is cataloged in chapter 400 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 1985 \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":55183,"section_number":"38.2-3902","catch_line":"Classes of insurance that may be written by mutual assessment life, accident and sickness insurers","order_by":null,"url":"\/38.2-3902\/"}],"permalink":{"id":216323,"object_type":"law","relational_id":87143,"identifier":"38.2-3920","token":"38.2\/39\/5\/38.2-3920","url":"\/38.2-3920\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-3920\/","token":"38.2\/39\/5\/38.2-3920","dublin_core":{"Title":"Surplus to policyowners","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3920","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A mutual assessment life, accident and sickness insurer<\/span> shall have a minimum surplus to policyowners of $100,000. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> In order<\/span> to write the classes of insurance<\/span> referred to in Category C of § 38.2-3902<\/a>, minimum surplus to policyowners shall be $800,000. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSURPLUS TO POLICYOWNERS (\u00a7 38.2-3920)\n\nA. A mutual assessment life, accident and sickness insurer shall have a minimum\nsurplus to policyowners of $100,000.\n\nB. In order to write the classes of insurance referred to in Category C of\n§ 38.2-3902, minimum surplus to policyowners shall be $800,000.\n\nHISTORY: 1985, c. 400, \u00a7 38.1-549.21; 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}}