{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-4126.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-4126.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-4126.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-4126.html"}],"law_id":54786,"edition_id":1,"section_id":54786,"structure_id":13776,"section_number":"38.2-4126","catch_line":"Reports to be filed","history":"Code 1950, \u00a7\u00a7 38-316, 38.1-624; 1952, c. 317, \u00a7\u00a7 38.1-638.44, 38.1-638.45; 1968, c. 654; 1975, c. 262; 1986, c. 562.","full_text":"A\n\nEvery society doing business in this Commonwealth shall annually, by March 1, unless the Commission extends the time for cause shown, file with the Commission a true statement of its financial condition, transactions and affairs for the preceding calendar year. The statement shall be in general form and content as approved by the National Association of Insurance Commissioners for fraternal benefit societies or other form required by the Commission and as supplemented by additional information required by the Commission.B\n\nAs part of the required annual statement, each society shall, by March 1, file with the Commission a valuation of its certificates in force on December 31 of the previous year, provided the Commission may, in its discretion for cause shown, extend the time of filing such valuation for not more than two calendar months. Such valuation shall be done in accordance with the standards specified in § 38.2-4125. Such valuation and underlying data shall be certified by a qualified actuary or, at the expense of the society, verified by the actuary of the department of insurance of the state of domicile of the society.","order_by":null,"text":{"0":{"id":201065,"text":"Every society doing business in this Commonwealth shall annually, by March 1, unless the Commission extends the time for cause shown, file with the Commission a true statement of its financial condition, transactions and affairs for the preceding calendar year. The statement shall be in general form and content as approved by the National Association of Insurance Commissioners for fraternal benefit societies or other form required by the Commission and as supplemented by additional information required by the Commission.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":201066,"text":"As part of the required annual statement, each society shall, by March 1, file with the Commission a valuation of its certificates in force on December 31 of the previous year, provided the Commission may, in its discretion for cause shown, extend the time of filing such valuation for not more than two calendar months. Such valuation shall be done in accordance with the standards specified in § 38.2-4125. Such valuation and underlying data shall be certified by a qualified actuary or, at the expense of the society, verified by the actuary of the department of insurance of the state of domicile of the society.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":13776,"edition_id":1,"name":"Regulation","identifier":"6","label":"article","depth":3,"order_by":1,"parent_id":13775,"metadata":{},"date_created":"2026-06-26 03:45:51","date_modified":"2026-06-26 03:45:51","permalink":{"id":216595,"object_type":"structure","relational_id":13776,"identifier":"6","token":"38.2\/41\/6","url":"\/38.2\/41\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13775,"edition_id":1,"name":"Fraternal Benefit Societies","identifier":"41","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:45:51","date_modified":"2026-06-26 03:45:51","permalink":{"id":216491,"object_type":"structure","relational_id":13775,"identifier":"41","token":"38.2\/41","url":"\/38.2\/41\/","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":65309,"structure_id":13776,"section_number":"38.2-4123","catch_line":"Exemptions","url":"\/38.2-4123\/","token":"38.2\/41\/6\/38.2-4123","metadata":false},{"id":59062,"structure_id":13776,"section_number":"38.2-4124","catch_line":"Taxation","url":"\/38.2-4124\/","token":"38.2\/41\/6\/38.2-4124","metadata":false},{"id":65445,"structure_id":13776,"section_number":"38.2-4125","catch_line":"Valuations","url":"\/38.2-4125\/","token":"38.2\/41\/6\/38.2-4125","metadata":false},{"id":54786,"structure_id":13776,"section_number":"38.2-4126","catch_line":"Reports to be filed","url":"\/38.2-4126\/","token":"38.2\/41\/6\/38.2-4126","metadata":false},{"id":85566,"structure_id":13776,"section_number":"38.2-4127","catch_line":"Annual license","url":"\/38.2-4127\/","token":"38.2\/41\/6\/38.2-4127","metadata":false},{"id":68059,"structure_id":13776,"section_number":"38.2-4128","catch_line":"Examination of societies; no adverse publications","url":"\/38.2-4128\/","token":"38.2\/41\/6\/38.2-4128","metadata":false},{"id":83277,"structure_id":13776,"section_number":"38.2-4129","catch_line":"Admission; foreign or alien society","url":"\/38.2-4129\/","token":"38.2\/41\/6\/38.2-4129","metadata":false},{"id":68139,"structure_id":13776,"section_number":"38.2-4130","catch_line":"Injunction; liquidation; receivership of domestic society","url":"\/38.2-4130\/","token":"38.2\/41\/6\/38.2-4130","metadata":false},{"id":72578,"structure_id":13776,"section_number":"38.2-4131","catch_line":"Suspension, revocation or refusal of license of foreign or alien society","url":"\/38.2-4131\/","token":"38.2\/41\/6\/38.2-4131","metadata":false},{"id":55877,"structure_id":13776,"section_number":"38.2-4132","catch_line":"Licensing of agents","url":"\/38.2-4132\/","token":"38.2\/41\/6\/38.2-4132","metadata":false},{"id":59395,"structure_id":13776,"section_number":"38.2-4133","catch_line":"Unfair methods of competition and unfair and deceptive acts and practices","url":"\/38.2-4133\/","token":"38.2\/41\/6\/38.2-4133","metadata":false},{"id":65176,"structure_id":13776,"section_number":"38.2-4134","catch_line":"Penalties","url":"\/38.2-4134\/","token":"38.2\/41\/6\/38.2-4134","metadata":false},{"id":62524,"structure_id":13776,"section_number":"38.2-4135","catch_line":"Exemption of certain societies","url":"\/38.2-4135\/","token":"38.2\/41\/6\/38.2-4135","metadata":false},{"id":66864,"structure_id":13776,"section_number":"38.2-4136","catch_line":"Societies previously existing; reincorporation; amendments","url":"\/38.2-4136\/","token":"38.2\/41\/6\/38.2-4136","metadata":false},{"id":73856,"structure_id":13776,"section_number":"38.2-4137","catch_line":"Exemption of member representatives of certain societies","url":"\/38.2-4137\/","token":"38.2\/41\/6\/38.2-4137","metadata":false}],"previous_section":{"id":65445,"structure_id":13776,"section_number":"38.2-4125","catch_line":"Valuations","url":"\/38.2-4125\/","token":"38.2\/41\/6\/38.2-4125","metadata":false},"next_section":{"id":85566,"structure_id":13776,"section_number":"38.2-4127","catch_line":"Annual license","url":"\/38.2-4127\/","token":"38.2\/41\/6\/38.2-4127","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-4126\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 4 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 1968, chapter 654; in 1975, chapter 262; in 1986, chapter 562.<\/p>","references":false,"refers_to":[{"id":65445,"section_number":"38.2-4125","catch_line":"Valuations","order_by":null,"url":"\/38.2-4125\/"}],"permalink":{"id":216609,"object_type":"law","relational_id":54786,"identifier":"38.2-4126","token":"38.2\/41\/6\/38.2-4126","url":"\/38.2-4126\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-4126\/","token":"38.2\/41\/6\/38.2-4126","dublin_core":{"Title":"Reports to be filed","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-4126","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Every society<\/span> doing business in this Commonwealth shall annually, by March 1, unless the Commission<\/span> extends the time for cause shown, file with the Commission<\/span> a true statement of its financial condition, transactions and affairs for the preceding calendar year. The statement shall be in general form and content as approved by the National Association of Insurance<\/span> Commissioners<\/span> for fraternal benefit societies or other form required by the Commission<\/span> and as supplemented by additional information required by the Commission<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> As part of the required annual statement, each society<\/span> shall, by March 1, file with the Commission<\/span> a valuation of its certificates<\/span> in force on December 31 of the previous year, provided the Commission<\/span> may, in its discretion for cause shown, extend the time of filing such valuation for not more than two calendar months. Such valuation shall be done in accordance with the standards specified in § 38.2-4125<\/a>. Such valuation and underlying data shall be certified by a qualified actuary or, at the expense of the society<\/span>, verified by the actuary of the department of insurance<\/span> of the state<\/span> of domicile of the society<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREPORTS TO BE FILED (\u00a7 38.2-4126)\n\nA. Every society doing business in this Commonwealth shall annually, by March 1,\nunless the Commission extends the time for cause shown, file with the Commission\na true statement of its financial condition, transactions and affairs for the\npreceding calendar year. The statement shall be in general form and content as\napproved by the National Association of Insurance Commissioners for fraternal\nbenefit societies or other form required by the Commission and as supplemented\nby additional information required by the Commission.\n\nB. As part of the required annual statement, each society shall, by March 1,\nfile with the Commission a valuation of its certificates in force on December 31\nof the previous year, provided the Commission may, in its discretion for cause\nshown, extend the time of filing such valuation for not more than two calendar\nmonths. Such valuation shall be done in accordance with the standards specified\nin § 38.2-4125. Such valuation and underlying data shall be certified by a\nqualified actuary or, at the expense of the society, verified by the actuary of\nthe department of insurance of the state of domicile of the society.\n\nHISTORY: Code 1950, \u00a7\u00a7 38-316, 38.1-624; 1952, c. 317, \u00a7\u00a7 38.1-638.44,\n38.1-638.45; 1968, c. 654; 1975, c. 262; 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}}