{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-5500.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-5500.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-5500.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-5500.html"}],"law_id":68244,"edition_id":1,"section_id":68244,"structure_id":14894,"section_number":"38.2-5500","catch_line":"Applicability","history":"1995, c. 789; 2000, c. 47; 2012, c. 156; 2014, c. 309.","full_text":"The provisions of this chapter shall be known as The Risk-Based Capital Act and may be referred to herein as &#8220;the Act.&#8221; The Act shall apply to all persons licensed in the Commonwealth to transact an insurance business pursuant to provisions in Chapter 10 (\u00a7 38.2-1000 et seq.), 11 (\u00a7 38.2-1100 et seq.), 12 (\u00a7 38.2-1200 et seq.), 25 (\u00a7 38.2-2500 et seq.), 41 (\u00a7 38.2-4100 et seq.), 42 (\u00a7 38.2-4200 et seq.), 43 (\u00a7 38.2-4300 et seq.), 45 (\u00a7 38.2-4500 et seq.), or 61 (\u00a7 38.2-6100 et seq.).","order_by":null,"text":{"0":{"id":246947,"text":"The provisions of this chapter shall be known as The Risk-Based Capital Act and may be referred to herein as &#8220;the Act.&#8221; The Act shall apply to all persons licensed in the Commonwealth to transact an insurance business pursuant to provisions in Chapter 10 (\u00a7 38.2-1000 et seq.), 11 (\u00a7 38.2-1100 et seq.), 12 (\u00a7 38.2-1200 et seq.), 25 (\u00a7 38.2-2500 et seq.), 41 (\u00a7 38.2-4100 et seq.), 42 (\u00a7 38.2-4200 et seq.), 43 (\u00a7 38.2-4300 et seq.), 45 (\u00a7 38.2-4500 et seq.), or 61 (\u00a7 38.2-6100 et seq.).","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14894,"edition_id":1,"name":"Risk-Based Capital Act","identifier":"55","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:50:37","date_modified":"2026-06-26 03:50:37","permalink":{"id":217847,"object_type":"structure","relational_id":14894,"identifier":"55","token":"38.2\/55","url":"\/38.2\/55\/","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":68244,"structure_id":14894,"section_number":"38.2-5500","catch_line":"Applicability","url":"\/38.2-5500\/","token":"38.2\/55\/38.2-5500","metadata":false},{"id":67232,"structure_id":14894,"section_number":"38.2-5501","catch_line":"Definitions","url":"\/38.2-5501\/","token":"38.2\/55\/38.2-5501","metadata":false},{"id":68713,"structure_id":14894,"section_number":"38.2-5502","catch_line":"RBC Reports","url":"\/38.2-5502\/","token":"38.2\/55\/38.2-5502","metadata":false},{"id":72298,"structure_id":14894,"section_number":"38.2-5503","catch_line":"Company Action Level Event","url":"\/38.2-5503\/","token":"38.2\/55\/38.2-5503","metadata":false},{"id":86775,"structure_id":14894,"section_number":"38.2-5504","catch_line":"Regulatory Action Level Event","url":"\/38.2-5504\/","token":"38.2\/55\/38.2-5504","metadata":false},{"id":85425,"structure_id":14894,"section_number":"38.2-5505","catch_line":"Authorized Control Level Event","url":"\/38.2-5505\/","token":"38.2\/55\/38.2-5505","metadata":false},{"id":69962,"structure_id":14894,"section_number":"38.2-5506","catch_line":"Mandatory Control Level Event","url":"\/38.2-5506\/","token":"38.2\/55\/38.2-5506","metadata":false},{"id":81704,"structure_id":14894,"section_number":"38.2-5507","catch_line":"Hearings","url":"\/38.2-5507\/","token":"38.2\/55\/38.2-5507","metadata":false},{"id":61072,"structure_id":14894,"section_number":"38.2-5508","catch_line":"Confidentiality; prohibition on announcements; prohibition on use in ratemaking","url":"\/38.2-5508\/","token":"38.2\/55\/38.2-5508","metadata":false},{"id":67266,"structure_id":14894,"section_number":"38.2-5509","catch_line":"Supplemental provisions; rules; exemption","url":"\/38.2-5509\/","token":"38.2\/55\/38.2-5509","metadata":false},{"id":80850,"structure_id":14894,"section_number":"38.2-5510","catch_line":"Foreign licensees","url":"\/38.2-5510\/","token":"38.2\/55\/38.2-5510","metadata":false},{"id":61601,"structure_id":14894,"section_number":"38.2-5511","catch_line":"Immunity","url":"\/38.2-5511\/","token":"38.2\/55\/38.2-5511","metadata":false},{"id":56865,"structure_id":14894,"section_number":"38.2-5512","catch_line":"Repealed","url":"\/38.2-5512\/","token":"38.2\/55\/38.2-5512","metadata":false},{"id":83503,"structure_id":14894,"section_number":"38.2-5513","catch_line":"Notices","url":"\/38.2-5513\/","token":"38.2\/55\/38.2-5513","metadata":false},{"id":69834,"structure_id":14894,"section_number":"38.2-5514","catch_line":"Phase-in provision","url":"\/38.2-5514\/","token":"38.2\/55\/38.2-5514","metadata":false},{"id":67792,"structure_id":14894,"section_number":"38.2-5515","catch_line":"Expired","url":"\/38.2-5515\/","token":"38.2\/55\/38.2-5515","metadata":false}],"next_section":{"id":67232,"structure_id":14894,"section_number":"38.2-5501","catch_line":"Definitions","url":"\/38.2-5501\/","token":"38.2\/55\/38.2-5501","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-5500\/","history_text":"<p>This law was first created in 1995. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?951+ful+CHAP0789\">789<\/a> 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. It has been modified 3 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 2000, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?001+ful+CHAP0047\">47<\/a>; in 2012, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?121+ful+CHAP0156\">156<\/a>; in 2014, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?141+ful+CHAP0309\">309<\/a>.<\/p>","references":[{"id":65309,"section_number":"38.2-4123","catch_line":"Exemptions","order_by":null,"url":"\/38.2-4123\/"},{"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":62548,"section_number":"38.2-4509","catch_line":"Application of certain laws","order_by":null,"url":"\/38.2-4509\/"},{"id":70748,"section_number":"38.2-6103","catch_line":"Issuance of license; capital and surplus; impairment","order_by":null,"url":"\/38.2-6103\/"}],"refers_to":[{"id":58285,"section_number":"38.2-1000","catch_line":"Incorporation of domestic stock insurers","order_by":null,"url":"\/38.2-1000\/"},{"id":65109,"section_number":"38.2-1100","catch_line":"Scope of chapter","order_by":null,"url":"\/38.2-1100\/"},{"id":85789,"section_number":"38.2-1200","catch_line":"Scope of chapter","order_by":null,"url":"\/38.2-1200\/"},{"id":86737,"section_number":"38.2-2500","catch_line":"Scope of chapter","order_by":null,"url":"\/38.2-2500\/"},{"id":79636,"section_number":"38.2-4100","catch_line":"Fraternal benefit societies","order_by":null,"url":"\/38.2-4100\/"},{"id":78890,"section_number":"38.2-4200","catch_line":"Applicability of chapter","order_by":null,"url":"\/38.2-4200\/"},{"id":72005,"section_number":"38.2-4300","catch_line":"Definitions","order_by":null,"url":"\/38.2-4300\/"},{"id":59325,"section_number":"38.2-4500","catch_line":"Applicability of chapter","order_by":null,"url":"\/38.2-4500\/"},{"id":64365,"section_number":"38.2-6100","catch_line":"Applicability of chapter","order_by":null,"url":"\/38.2-6100\/"}],"permalink":{"id":217849,"object_type":"law","relational_id":68244,"identifier":"38.2-5500","token":"38.2\/55\/38.2-5500","url":"\/38.2-5500\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-5500\/","token":"38.2\/55\/38.2-5500","dublin_core":{"Title":"Applicability","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-5500","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The provisions of this chapter shall be known as The <span class=\"dictionary\">Risk-Based Capital<\/span> Act and may be referred to herein as &#8220;the Act.&#8221; The Act shall apply to all <span class=\"dictionary\">persons<\/span> licensed in the Commonwealth to transact an <span class=\"dictionary\">insurance<\/span> business pursuant to provisions in Chapter 10 (\u00a7&nbsp;<a class=\"law\" title=\"Incorporation of domestic stock insurers\" href=\"\/38.2-1000\/\">38.2-1000<\/a> et seq.), 11 (\u00a7&nbsp;<a class=\"law\" title=\"Scope of chapter\" href=\"\/38.2-1100\/\">38.2-1100<\/a> et seq.), 12 (\u00a7&nbsp;<a class=\"law\" title=\"Scope of chapter\" href=\"\/38.2-1200\/\">38.2-1200<\/a> et seq.), 25 (\u00a7&nbsp;<a class=\"law\" title=\"Scope of chapter\" href=\"\/38.2-2500\/\">38.2-2500<\/a> et seq.), 41 (\u00a7&nbsp;<a class=\"law\" title=\"Fraternal benefit societies\" href=\"\/38.2-4100\/\">38.2-4100<\/a> et seq.), 42 (\u00a7&nbsp;<a class=\"law\" title=\"Applicability of chapter\" href=\"\/38.2-4200\/\">38.2-4200<\/a> et seq.), 43 (\u00a7&nbsp;<a class=\"law\" title=\"Definitions\" href=\"\/38.2-4300\/\">38.2-4300<\/a> et seq.), 45 (\u00a7&nbsp;<a class=\"law\" title=\"Applicability of chapter\" href=\"\/38.2-4500\/\">38.2-4500<\/a> et seq.), or 61 (\u00a7&nbsp;<a class=\"law\" title=\"Applicability of chapter\" href=\"\/38.2-6100\/\">38.2-6100<\/a> et seq.).<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nAPPLICABILITY (\u00a7 38.2-5500)\n\nThe provisions of this chapter shall be known as The Risk-Based Capital Act and\nmay be referred to herein as &#8220;the Act.&#8221; The Act shall apply to all\npersons licensed in the Commonwealth to transact an insurance business pursuant\nto provisions in Chapter 10 (\u00a7 38.2-1000 et seq.), 11 (\u00a7 38.2-1100 et seq.),\n12 (\u00a7 38.2-1200 et seq.), 25 (\u00a7 38.2-2500 et seq.), 41 (\u00a7 38.2-4100 et seq.),\n42 (\u00a7 38.2-4200 et seq.), 43 (\u00a7 38.2-4300 et seq.), 45 (\u00a7 38.2-4500 et seq.),\nor 61 (\u00a7 38.2-6100 et seq.).\n\nHISTORY: 1995, c. 789; 2000, c. 47; 2012, c. 156; 2014, c. 309.","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}}