{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-3922.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-3922.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-3922.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-3922.html"}],"law_id":78200,"edition_id":1,"section_id":78200,"structure_id":16768,"section_number":"38.2-3922","catch_line":"Reinsurance","history":"1985, c. 400, \u00a7 38.1-549.23; 1986, c. 562.","full_text":"Any mutual assessment life, accident and sickness insurer may reinsure the whole or any part of its risks with any solvent insurer licensed in this Commonwealth or licensed in any other state having standards of solvency, at least equal to those required in this Commonwealth. However, the reinsurance shall be ceded without contingent liability on the part of the reinsured insurer. Any mutual assessment life, accident and sickness insurer having a surplus in excess of $800,000 may accept or assume reinsurance from any licensed insurer.","order_by":null,"text":{"0":{"id":280311,"text":"Any mutual assessment life, accident and sickness insurer may reinsure the whole or any part of its risks with any solvent insurer licensed in this Commonwealth or licensed in any other state having standards of solvency, at least equal to those required in this Commonwealth. However, the reinsurance shall be ceded without contingent liability on the part of the reinsured insurer. Any mutual assessment life, accident and sickness insurer having a surplus in excess of $800,000 may accept or assume reinsurance from any licensed insurer.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"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}],"previous_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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3922\/","history_text":"<p>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":[{"id":84641,"section_number":"38.2-3921","catch_line":"Limitation on single risk to be assumed","order_by":null,"url":"\/38.2-3921\/"}],"refers_to":false,"permalink":{"id":216331,"object_type":"law","relational_id":78200,"identifier":"38.2-3922","token":"38.2\/39\/5\/38.2-3922","url":"\/38.2-3922\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-3922\/","token":"38.2\/39\/5\/38.2-3922","dublin_core":{"Title":"Reinsurance","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3922","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Any <span class=\"dictionary\">mutual assessment life, accident and sickness insurer<\/span> may reinsure the whole or any part of its risks with any solvent insurer licensed in this Commonwealth or licensed in any other <span class=\"dictionary\">state<\/span> having standards of solvency, at least equal to those required in this Commonwealth. However, the reinsurance shall be ceded without contingent liability on the part of the reinsured insurer. Any <span class=\"dictionary\">mutual assessment life, accident and sickness insurer<\/span> having a surplus in excess of $800,000 may accept or assume reinsurance from any licensed insurer.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nREINSURANCE (\u00a7 38.2-3922)\n\nAny mutual assessment life, accident and sickness insurer may reinsure the whole\nor any part of its risks with any solvent insurer licensed in this Commonwealth\nor licensed in any other state having standards of solvency, at least equal to\nthose required in this Commonwealth. However, the reinsurance shall be ceded\nwithout contingent liability on the part of the reinsured insurer. Any mutual\nassessment life, accident and sickness insurer having a surplus in excess of\n$800,000 may accept or assume reinsurance from any licensed insurer.\n\nHISTORY: 1985, c. 400, \u00a7 38.1-549.23; 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}}