{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-400.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-400.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-400.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-400.html"}],"law_id":57860,"edition_id":1,"section_id":57860,"structure_id":15198,"section_number":"38.2-400","catch_line":"Expense of administration of insurance laws borne by licensees; minimum contribution","history":"Code 1950, \u00a7 38-17; 1952, c. 317, \u00a7 38.1-44; 1954, c. 231; 1960, c. 294; 1977, cc. 317, 613; 1978, c. 4; 1981, c. 605; 1986, c. 562; 1987, cc. 558, 565, 655; 1994, c. 316.","full_text":"A\n\nThe expense of maintaining the Bureau of the Commission responsible for administering the insurance laws of this Commonwealth, including a reasonable margin in the nature of a reserve fund, shall be assessed annually by the Commission against all companies and surplus lines brokers subject to this title except premium finance companies and providers of continuing care registered pursuant to Chapter 49 (§ 38.2-4900 et seq.) of this title. The assessment shall be in proportion to the direct gross premium income on business done in this Commonwealth. The assessment shall not exceed one-tenth of one percent of the direct gross premium income and shall be levied pursuant to § 38.2-403. For any year a company is subject to an assessment, the assessment shall not be less than $300.B\n\nAll fees assessed under any provision of this title and paid into the state treasury shall be deposited to a special fund designated “Bureau of Insurance Special Fund — State Corporation Commission,” and out of such special fund and the unexpended balance thereof shall be appropriated the sums necessary for the regulation, supervision and examination of all entities subject to regulation under this title. Any references in the Code of Virginia to funds being paid directly into the state treasury and credited to the fund for the maintenance of the Bureau of Insurance shall hereinafter mean the “Bureau of Insurance Special Fund — State Corporation Commission.”","order_by":null,"text":{"0":{"id":211976,"text":"The expense of maintaining the Bureau of the Commission responsible for administering the insurance laws of this Commonwealth, including a reasonable margin in the nature of a reserve fund, shall be assessed annually by the Commission against all companies and surplus lines brokers subject to this title except premium finance companies and providers of continuing care registered pursuant to Chapter 49 (§ 38.2-4900 et seq.) of this title. The assessment shall be in proportion to the direct gross premium income on business done in this Commonwealth. The assessment shall not exceed one-tenth of one percent of the direct gross premium income and shall be levied pursuant to § 38.2-403. For any year a company is subject to an assessment, the assessment shall not be less than $300.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":211977,"text":"All fees assessed under any provision of this title and paid into the state treasury shall be deposited to a special fund designated “Bureau of Insurance Special Fund — State Corporation Commission,” and out of such special fund and the unexpended balance thereof shall be appropriated the sums necessary for the regulation, supervision and examination of all entities subject to regulation under this title. Any references in the Code of Virginia to funds being paid directly into the state treasury and credited to the fund for the maintenance of the Bureau of Insurance shall hereinafter mean the “Bureau of Insurance Special Fund — State Corporation Commission.”","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":15198,"edition_id":1,"name":"Assessment for Administration of Insurance Laws and Declarations of Estimated Assessments by Insurers","identifier":"4","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":216339,"object_type":"structure","relational_id":15198,"identifier":"4","token":"38.2\/4","url":"\/38.2\/4\/","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":57860,"structure_id":15198,"section_number":"38.2-400","catch_line":"Expense of administration of insurance laws borne by licensees; minimum contribution","url":"\/38.2-400\/","token":"38.2\/4\/38.2-400","metadata":false},{"id":76092,"structure_id":15198,"section_number":"38.2-401","catch_line":"(Effective July 1, 2026) Fire Programs Fund","url":"\/38.2-401\/","token":"38.2\/4\/38.2-401","metadata":false},{"id":64176,"structure_id":15198,"section_number":"38.2-401.1","catch_line":"Dam Safety, Flood Prevention and Protection Assistance Fund assessment","url":"\/38.2-401.1\/","token":"38.2\/4\/38.2-401.1","metadata":false},{"id":77505,"structure_id":15198,"section_number":"38.2-402","catch_line":"Definitions","url":"\/38.2-402\/","token":"38.2\/4\/38.2-402","metadata":false},{"id":65532,"structure_id":15198,"section_number":"38.2-403","catch_line":"Assessment for expenses","url":"\/38.2-403\/","token":"38.2\/4\/38.2-403","metadata":false},{"id":75388,"structure_id":15198,"section_number":"38.2-403.1","catch_line":"Omitted assessments","url":"\/38.2-403.1\/","token":"38.2\/4\/38.2-403.1","metadata":false},{"id":59580,"structure_id":15198,"section_number":"38.2-404","catch_line":"Recovery of such assessments; revocation or suspension of license","url":"\/38.2-404\/","token":"38.2\/4\/38.2-404","metadata":false},{"id":73951,"structure_id":15198,"section_number":"38.2-405","catch_line":"Application for correction of assessment","url":"\/38.2-405\/","token":"38.2\/4\/38.2-405","metadata":false},{"id":69572,"structure_id":15198,"section_number":"38.2-406","catch_line":"Report of gross premium income","url":"\/38.2-406\/","token":"38.2\/4\/38.2-406","metadata":false},{"id":76137,"structure_id":15198,"section_number":"38.2-407","catch_line":"Repealed","url":"\/38.2-407\/","token":"38.2\/4\/38.2-407","metadata":false},{"id":79634,"structure_id":15198,"section_number":"38.2-412","catch_line":"Companies going out of business","url":"\/38.2-412\/","token":"38.2\/4\/38.2-412","metadata":false},{"id":80377,"structure_id":15198,"section_number":"38.2-413","catch_line":"Double assessment respecting same direct gross premium income negated","url":"\/38.2-413\/","token":"38.2\/4\/38.2-413","metadata":false},{"id":66062,"structure_id":15198,"section_number":"38.2-414","catch_line":"Assessments to fund program to reduce losses from motor vehicle thefts","url":"\/38.2-414\/","token":"38.2\/4\/38.2-414","metadata":false},{"id":61655,"structure_id":15198,"section_number":"38.2-415","catch_line":"Assessment to fund program to reduce losses from insurance fraud","url":"\/38.2-415\/","token":"38.2\/4\/38.2-415","metadata":false}],"next_section":{"id":76092,"structure_id":15198,"section_number":"38.2-401","catch_line":"(Effective July 1, 2026) Fire Programs Fund","url":"\/38.2-401\/","token":"38.2\/4\/38.2-401","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-400\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 9 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 1954, chapter 231; in 1960, chapter 294; in 1977, chapters 317 and 613; in 1978, chapter 4; in 1981, chapter 605; in 1986, chapter 562; in 1987, chapters 558, 565, and 655; in 1994, chapter 316<\/a>.<\/p>","references":[{"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":86158,"section_number":"38.2-1024","catch_line":"License required to transact the business of insurance; application fee requirements for license","order_by":null,"url":"\/38.2-1024\/"},{"id":62040,"section_number":"38.2-1332.2","catch_line":"Group-wide supervision of internationally active insurance groups","order_by":null,"url":"\/38.2-1332.2\/"},{"id":73342,"section_number":"38.2-1348","catch_line":"License requirements","order_by":null,"url":"\/38.2-1348\/"},{"id":84337,"section_number":"38.2-1359","catch_line":"Licensure","order_by":null,"url":"\/38.2-1359\/"},{"id":63558,"section_number":"38.2-1384","catch_line":"Assessment against insurers whose policies are valued","order_by":null,"url":"\/38.2-1384\/"},{"id":56139,"section_number":"38.2-1833","catch_line":"Appointments of agents","order_by":null,"url":"\/38.2-1833\/"},{"id":65532,"section_number":"38.2-403","catch_line":"Assessment for expenses","order_by":null,"url":"\/38.2-403\/"},{"id":55347,"section_number":"38.2-4214","catch_line":"Application of certain provisions of law","order_by":null,"url":"\/38.2-4214\/"},{"id":67952,"section_number":"38.2-4319","catch_line":"Statutory construction and relationship to other laws","order_by":null,"url":"\/38.2-4319\/"},{"id":60078,"section_number":"38.2-4408","catch_line":"Application of certain provisions","order_by":null,"url":"\/38.2-4408\/"},{"id":62548,"section_number":"38.2-4509","catch_line":"Application of certain laws","order_by":null,"url":"\/38.2-4509\/"},{"id":65701,"section_number":"38.2-4809.1","catch_line":"Licensees to pay assessments on insurers","order_by":null,"url":"\/38.2-4809.1\/"},{"id":87356,"section_number":"38.2-5103","catch_line":"Risk retention groups not chartered in this Commonwealth","order_by":null,"url":"\/38.2-5103\/"},{"id":87222,"section_number":"58.1-2508","catch_line":"Taxes applicable to insurance companies","order_by":null,"url":"\/58.1-2508\/"},{"id":56344,"section_number":"58.1-2533","catch_line":"Reimbursement for certain costs","order_by":null,"url":"\/58.1-2533\/"},{"id":72546,"section_number":"65.2-1000","catch_line":"Tax for administrative fund","order_by":null,"url":"\/65.2-1000\/"},{"id":58102,"section_number":"65.2-1005","catch_line":"Tax exclusive of other taxes","order_by":null,"url":"\/65.2-1005\/"},{"id":85387,"section_number":"65.2-802","catch_line":"Requirements for licensure as group self-insurance association; annual assessment","order_by":null,"url":"\/65.2-802\/"}],"refers_to":[{"id":65532,"section_number":"38.2-403","catch_line":"Assessment for expenses","order_by":null,"url":"\/38.2-403\/"},{"id":83470,"section_number":"38.2-4900","catch_line":"Definitions","order_by":null,"url":"\/38.2-4900\/"}],"permalink":{"id":216341,"object_type":"law","relational_id":57860,"identifier":"38.2-400","token":"38.2\/4\/38.2-400","url":"\/38.2-400\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-400\/","token":"38.2\/4\/38.2-400","dublin_core":{"Title":"Expense of administration of insurance laws borne by licensees; minimum contribution","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-400","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The expense of maintaining the Bureau<\/span> of the Commission<\/span> responsible for administering the insurance<\/span> laws<\/span> of this Commonwealth, including a reasonable margin in the nature of a reserve fund, shall be assessed annually by the Commission<\/span> against all companies and surplus lines brokers subject to this title except premium finance companies and providers of continuing care registered pursuant to Chapter 49 (§ 38.2-4900<\/a> et seq.) of this title. The assessment shall be in proportion to the direct gross premium income<\/span> on business done in this Commonwealth. The assessment shall not exceed one-tenth of one percent of the direct gross premium income<\/span> and shall be levied pursuant to § 38.2-403<\/a>. For any year a company<\/span> is subject to an assessment, the assessment shall not be less than $300. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> All fees assessed under any provision of this title and paid into the state<\/span> treasury shall be deposited to a special fund designated “Bureau of Insurance<\/span> Special Fund — State<\/span> Corporation Commission<\/span>,” and out of such special fund and the unexpended balance thereof shall be appropriated the sums necessary for the regulation, supervision and examination of all entities subject to regulation under this title. Any references in the Code of Virginia to funds being paid directly into the state<\/span> treasury and credited to the fund for the maintenance of the Bureau of Insurance<\/span> shall hereinafter mean the “Bureau of Insurance<\/span> Special Fund — State<\/span> Corporation Commission<\/span>.” <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nEXPENSE OF ADMINISTRATION OF INSURANCE LAWS BORNE BY LICENSEES; MINIMUM\nCONTRIBUTION (\u00a7 38.2-400)\n\nA. The expense of maintaining the Bureau of the Commission responsible for\nadministering the insurance laws of this Commonwealth, including a reasonable\nmargin in the nature of a reserve fund, shall be assessed annually by the\nCommission against all companies and surplus lines brokers subject to this title\nexcept premium finance companies and providers of continuing care registered\npursuant to Chapter 49 (§ 38.2-4900 et seq.) of this title. The assessment\nshall be in proportion to the direct gross premium income on business done in\nthis Commonwealth. The assessment shall not exceed one-tenth of one percent of\nthe direct gross premium income and shall be levied pursuant to § 38.2-403.\nFor any year a company is subject to an assessment, the assessment shall not be\nless than $300.\n\nB. All fees assessed under any provision of this title and paid into the state\ntreasury shall be deposited to a special fund designated “Bureau of\nInsurance Special Fund — State Corporation Commission,” and out of\nsuch special fund and the unexpended balance thereof shall be appropriated the\nsums necessary for the regulation, supervision and examination of all entities\nsubject to regulation under this title. Any references in the Code of Virginia\nto funds being paid directly into the state treasury and credited to the fund\nfor the maintenance of the Bureau of Insurance shall hereinafter mean the\n“Bureau of Insurance Special Fund — State Corporation\nCommission.”\n\nHISTORY: Code 1950, \u00a7 38-17; 1952, c. 317, \u00a7 38.1-44; 1954, c. 231; 1960, c.\n294; 1977, cc. 317, 613; 1978, c. 4; 1981, c. 605; 1986, c. 562; 1987, cc. 558,\n565, 655; 1994, c. 316.","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}}