{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-2500.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-2500.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-2500.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-2500.html"}],"law_id":56221,"edition_id":1,"section_id":56221,"structure_id":12732,"section_number":"58.1-2500","catch_line":"Definitions","history":"Code 1950, \u00a7\u00a7 58-486, 58-502, 58-502.1, 58-502.2; 1952, c. 190; 1954, c. 207; 1966, c. 264; 1968, c. 13; 1978, c. 4; 1984, c. 675; 1998, c. 365; 2003, c. 372; 2011, c. 850.","full_text":"As used in this chapter the term or phrase:\n\t\t“Commission” means the State Corporation Commission.\n\t\t“Company” means any association, aggregation of individuals, business, corporation, individual, joint-stock company, Lloyds type of organization, organization, partnership, receiver, reciprocal or inter-insurance exchange, trustee or society.\n\t\t“Department” means the Department of Taxation.\n\t\t“Direct gross premium income” means the gross amount of all premiums, assessments, dues and fees collected, received or derived, or obligations taken therefor, from business in this Commonwealth during each year ending December 31, excluding premiums received for reinsurance assumed from licensed insurance companies, without any deduction for dividends paid or deduction on any other account except for premiums returned on cancelled policies, or on account of reduction in rates or reduction in the amount insured, and excluding premiums received or derived to provide insurance of the kinds classified in \u00a7\u00a7 38.2-102 and 38.2-109 issued on a group basis by an insurance company insuring its employees, agents and representatives. In computing direct gross premium income on insurance issued by mutual insurance companies other than life insurance companies, refunds or returns made to policyholders otherwise than for losses may be deducted.\n\t\t“Estimated tax” means the amount which the insurance company estimates as the amount of the tax imposed by this chapter for the license year, measured by direct gross premium income received or derived in the taxable year.\n\t\t“Insurance company” means any company engaged in the business of making contracts of insurance.\n\t\t“License year” means the 12-month period beginning on July 1 next succeeding the taxable year and ending on June 30 of the subsequent year.\n\t\t“Preceding year’s tax” means the tax as ascertained on the preceding year’s tax report.\n\t\t“Subscriber fee income” means the gross premium or deposit income collected, received or derived from and credited to the accounts of subscribers from business in the Commonwealth during the preceding year ending December 31, decreased by all returns for cancellation and all amounts returned to subscribers or credited to their accounts as savings.\n\t\t“Tax” means the amount derived by multiplying the direct gross premium income in the taxable year by the tax rate.\n\t\t“Taxable year” means the calendar year preceding the license year upon the basis of which direct gross premium income is computed. The term includes, in the case of direct gross premium income for a fractional part of a calendar year, the period in which such direct gross premium income is received or derived from business in this Commonwealth.","order_by":null,"text":{"0":{"id":205962,"text":"As used in this chapter the term or phrase:\n\t\t“Commission” means the State Corporation Commission.\n\t\t“Company” means any association, aggregation of individuals, business, corporation, individual, joint-stock company, Lloyds type of organization, organization, partnership, receiver, reciprocal or inter-insurance exchange, trustee or society.\n\t\t“Department” means the Department of Taxation.\n\t\t“Direct gross premium income” means the gross amount of all premiums, assessments, dues and fees collected, received or derived, or obligations taken therefor, from business in this Commonwealth during each year ending December 31, excluding premiums received for reinsurance assumed from licensed insurance companies, without any deduction for dividends paid or deduction on any other account except for premiums returned on cancelled policies, or on account of reduction in rates or reduction in the amount insured, and excluding premiums received or derived to provide insurance of the kinds classified in \u00a7\u00a7 38.2-102 and 38.2-109 issued on a group basis by an insurance company insuring its employees, agents and representatives. In computing direct gross premium income on insurance issued by mutual insurance companies other than life insurance companies, refunds or returns made to policyholders otherwise than for losses may be deducted.\n\t\t“Estimated tax” means the amount which the insurance company estimates as the amount of the tax imposed by this chapter for the license year, measured by direct gross premium income received or derived in the taxable year.\n\t\t“Insurance company” means any company engaged in the business of making contracts of insurance.\n\t\t“License year” means the 12-month period beginning on July 1 next succeeding the taxable year and ending on June 30 of the subsequent year.\n\t\t“Preceding year’s tax” means the tax as ascertained on the preceding year’s tax report.\n\t\t“Subscriber fee income” means the gross premium or deposit income collected, received or derived from and credited to the accounts of subscribers from business in the Commonwealth during the preceding year ending December 31, decreased by all returns for cancellation and all amounts returned to subscribers or credited to their accounts as savings.\n\t\t“Tax” means the amount derived by multiplying the direct gross premium income in the taxable year by the tax rate.\n\t\t“Taxable year” means the calendar year preceding the license year upon the basis of which direct gross premium income is computed. The term includes, in the case of direct gross premium income for a fractional part of a calendar year, the period in which such direct gross premium income is received or derived from business in this Commonwealth.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":12732,"edition_id":1,"name":"Levy","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":12731,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":255945,"object_type":"structure","relational_id":12732,"identifier":"1","token":"58.1\/II\/25\/1","url":"\/58.1\/II\/25\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12731,"edition_id":1,"name":"License Tax on Certain Insurance Companies","identifier":"25","label":"chapter","depth":3,"order_by":1,"parent_id":12730,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":255943,"object_type":"structure","relational_id":12731,"identifier":"25","token":"58.1\/II\/25","url":"\/58.1\/II\/25\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12730,"edition_id":1,"name":"Taxes Administered by Other Agencies","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":255261,"object_type":"structure","relational_id":12730,"identifier":"II","token":"58.1\/II","url":"\/58.1\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12703,"edition_id":1,"name":"Taxation","identifier":"58.1","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":251959,"object_type":"structure","relational_id":12703,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":56221,"structure_id":12732,"section_number":"58.1-2500","catch_line":"Definitions","url":"\/58.1-2500\/","token":"58.1\/II\/25\/1\/58.1-2500","metadata":false},{"id":68558,"structure_id":12732,"section_number":"58.1-2501","catch_line":"Levy of license tax","url":"\/58.1-2501\/","token":"58.1\/II\/25\/1\/58.1-2501","metadata":false},{"id":71244,"structure_id":12732,"section_number":"58.1-2501.1","catch_line":"Premium tax; travel insurance","url":"\/58.1-2501.1\/","token":"58.1\/II\/25\/1\/58.1-2501.1","metadata":false},{"id":65373,"structure_id":12732,"section_number":"58.1-2502","catch_line":"Exemptions and exclusions","url":"\/58.1-2502\/","token":"58.1\/II\/25\/1\/58.1-2502","metadata":false},{"id":66081,"structure_id":12732,"section_number":"58.1-2503","catch_line":"When tax payable","url":"\/58.1-2503\/","token":"58.1\/II\/25\/1\/58.1-2503","metadata":false},{"id":76338,"structure_id":12732,"section_number":"58.1-2504","catch_line":"Companies commencing business","url":"\/58.1-2504\/","token":"58.1\/II\/25\/1\/58.1-2504","metadata":false},{"id":83928,"structure_id":12732,"section_number":"58.1-2505","catch_line":"Amount of license tax for company commencing business","url":"\/58.1-2505\/","token":"58.1\/II\/25\/1\/58.1-2505","metadata":false},{"id":58246,"structure_id":12732,"section_number":"58.1-2506","catch_line":"Reports to the Department","url":"\/58.1-2506\/","token":"58.1\/II\/25\/1\/58.1-2506","metadata":false},{"id":55841,"structure_id":12732,"section_number":"58.1-2507","catch_line":"Penalties for failure to make report or pay tax; revocation of license; recovery by suit","url":"\/58.1-2507\/","token":"58.1\/II\/25\/1\/58.1-2507","metadata":false},{"id":87222,"structure_id":12732,"section_number":"58.1-2508","catch_line":"Taxes applicable to insurance companies","url":"\/58.1-2508\/","token":"58.1\/II\/25\/1\/58.1-2508","metadata":false},{"id":55996,"structure_id":12732,"section_number":"58.1-2509","catch_line":"Certain other provisions not affected by chapter","url":"\/58.1-2509\/","token":"58.1\/II\/25\/1\/58.1-2509","metadata":false},{"id":59419,"structure_id":12732,"section_number":"58.1-2510","catch_line":"Tax credit for retaliatory costs paid to other states","url":"\/58.1-2510\/","token":"58.1\/II\/25\/1\/58.1-2510","metadata":false},{"id":53944,"structure_id":12732,"section_number":"58.1-2511","catch_line":"Reserved","url":"\/58.1-2511\/","token":"58.1\/II\/25\/1\/58.1-2511","metadata":false}],"next_section":{"id":68558,"structure_id":12732,"section_number":"58.1-2501","catch_line":"Levy of license tax","url":"\/58.1-2501\/","token":"58.1\/II\/25\/1\/58.1-2501","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-2500\/","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 190; in 1954, chapter 207; in 1966, chapter 264; in 1968, chapter 13; in 1978, chapter 4; in 1984, chapter 675; in 1998, chapter 365<\/a>; in 2003, chapter 372<\/a>; in 2011, chapter 850<\/a>.<\/p>","references":[{"id":76636,"section_number":"36-158","catch_line":"Definitions","order_by":null,"url":"\/36-158\/"},{"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":83184,"section_number":"38.2-1611.1","catch_line":"Tax write-offs of certificates of contribution","order_by":null,"url":"\/38.2-1611.1\/"},{"id":75413,"section_number":"38.2-2613","catch_line":"Application of insurance laws","order_by":null,"url":"\/38.2-2613\/"},{"id":56099,"section_number":"38.2-2905","catch_line":"Policy forms; applicants to be issued policies; cancellation of policies; rates; group retrospective rating plan; examination of business of Association","order_by":null,"url":"\/38.2-2905\/"},{"id":77505,"section_number":"38.2-402","catch_line":"Definitions","order_by":null,"url":"\/38.2-402\/"},{"id":60078,"section_number":"38.2-4408","catch_line":"Application of certain provisions","order_by":null,"url":"\/38.2-4408\/"},{"id":78635,"section_number":"38.2-4809","catch_line":"Licensees to pay license taxes on insurers","order_by":null,"url":"\/38.2-4809\/"},{"id":64334,"section_number":"38.2-4811.1","catch_line":"Surplus lines coverage placed with domestic surplus lines insurers","order_by":null,"url":"\/38.2-4811.1\/"},{"id":68940,"section_number":"58.1-339.2","catch_line":"Historic rehabilitation tax credit","order_by":null,"url":"\/58.1-339.2\/"},{"id":81897,"section_number":"58.1-3703","catch_line":"Counties, cities and towns may impose local license taxes and fees; limitation of authority","order_by":null,"url":"\/58.1-3703\/"},{"id":75981,"section_number":"58.1-401","catch_line":"Exemptions and exclusions","order_by":null,"url":"\/58.1-401\/"},{"id":62311,"section_number":"58.1-439","catch_line":"Major business facility job tax credit","order_by":null,"url":"\/58.1-439\/"},{"id":54175,"section_number":"58.1-439.12:09","catch_line":"Barge and rail usage tax credit","order_by":null,"url":"\/58.1-439.12_09\/"},{"id":71554,"section_number":"58.1-439.18","catch_line":"Definitions","order_by":null,"url":"\/58.1-439.18\/"},{"id":55593,"section_number":"58.1-439.21","catch_line":"Tax credit; amount; limitation; carry over","order_by":null,"url":"\/58.1-439.21\/"},{"id":58634,"section_number":"58.1-439.26","catch_line":"Tax credit for donations to certain scholarship foundations","order_by":null,"url":"\/58.1-439.26\/"},{"id":63459,"section_number":"58.1-439.29","catch_line":"Definitions","order_by":null,"url":"\/58.1-439.29\/"},{"id":81908,"section_number":"58.1-439.6","catch_line":"Worker retraining tax credit","order_by":null,"url":"\/58.1-439.6\/"},{"id":60296,"section_number":"58.1-439.6:1","catch_line":"Worker training tax credit","order_by":null,"url":"\/58.1-439.6_1\/"},{"id":73898,"section_number":"59.1-280","catch_line":"Enterprise zone business tax credit","order_by":null,"url":"\/59.1-280\/"},{"id":73671,"section_number":"59.1-280.1","catch_line":"Enterprise zone real property investment tax credit","order_by":null,"url":"\/59.1-280.1\/"}],"refers_to":[{"id":57209,"section_number":"38.2-102","catch_line":"Life","order_by":null,"url":"\/38.2-102\/"},{"id":75359,"section_number":"38.2-109","catch_line":"Accident and sickness","order_by":null,"url":"\/38.2-109\/"}],"permalink":{"id":255947,"object_type":"law","relational_id":56221,"identifier":"58.1-2500","token":"58.1\/II\/25\/1\/58.1-2500","url":"\/58.1-2500\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-2500\/","token":"58.1\/II\/25\/1\/58.1-2500","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-2500","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this chapter the term or phrase:\n\t\t“Commission<\/span>” means the State Corporation Commission<\/span>.\n\t\t“Company” means any association, aggregation of individuals, business, corporation, individual, joint-stock company, Lloyds type of organization, organization, partnership, receiver, reciprocal or inter-insurance exchange, trustee or society.\n\t\t“Department<\/span>” means the Department<\/span> of Taxation.\n\t\t“Direct gross premium income<\/span>” means the gross amount of all premiums, assessments, dues and fees collected, received or derived, or obligations taken therefor, from business in this Commonwealth during each year ending December 31, excluding premiums received for reinsurance assumed from licensed insurance companies, without any deduction for dividends paid or deduction on any other account except for premiums returned on cancelled policies, or on account of reduction in rates or reduction in the amount insured, and excluding premiums received or derived to provide insurance of the kinds classified in \u00a7\u00a7 38.2-102<\/a> and 38.2-109<\/a> issued on a group basis by an insurance company<\/span> insuring its employees, agents and representatives. In computing direct gross premium income<\/span> on insurance issued by mutual insurance companies other than life insurance companies, refunds or returns made to policyholders otherwise than for losses may be deducted.\n\t\t“Estimated tax<\/span>” means the amount which the insurance company<\/span> estimates as the amount of the tax imposed by this chapter for the license year<\/span>, measured by direct gross premium income<\/span> received or derived in the taxable year<\/span>.\n\t\t“Insurance company<\/span>” means any company engaged in the business of making contracts<\/span> of insurance.\n\t\t“License year<\/span>” means the 12-month period beginning on July 1 next succeeding the taxable year<\/span> and ending on June 30 of the subsequent year.\n\t\t“Preceding year’s tax” means the tax as ascertained on the preceding year’s tax report.\n\t\t“Subscriber fee income<\/span>” means the gross premium or deposit income collected, received or derived from and credited to the accounts of subscribers from business in the Commonwealth during the preceding year ending December 31, decreased by all returns for cancellation and all amounts returned to subscribers or credited to their accounts as savings.\n\t\t“Tax” means the amount derived by multiplying the direct gross premium income<\/span> in the taxable year<\/span> by the tax rate.\n\t\t“Taxable year<\/span>” means the calendar year preceding the license year<\/span> upon the basis of which direct gross premium income<\/span> is computed. The term includes, in the case of direct gross premium income<\/span> for a fractional part of a calendar year, the period in which such direct gross premium income<\/span> is received or derived from business in this Commonwealth.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 58.1-2500)\n\nAs used in this chapter the term or phrase:\n\t\t“Commission” means the State Corporation Commission.\n\t\t“Company” means any association, aggregation of individuals,\nbusiness, corporation, individual, joint-stock company, Lloyds type of\norganization, organization, partnership, receiver, reciprocal or inter-insurance\nexchange, trustee or society.\n\t\t“Department” means the Department of Taxation.\n\t\t“Direct gross premium income” means the gross amount of all\npremiums, assessments, dues and fees collected, received or derived, or\nobligations taken therefor, from business in this Commonwealth during each year\nending December 31, excluding premiums received for reinsurance assumed from\nlicensed insurance companies, without any deduction for dividends paid or\ndeduction on any other account except for premiums returned on cancelled\npolicies, or on account of reduction in rates or reduction in the amount\ninsured, and excluding premiums received or derived to provide insurance of the\nkinds classified in \u00a7\u00a7 38.2-102 and 38.2-109 issued on a group basis by an\ninsurance company insuring its employees, agents and representatives. In\ncomputing direct gross premium income on insurance issued by mutual insurance\ncompanies other than life insurance companies, refunds or returns made to\npolicyholders otherwise than for losses may be deducted.\n\t\t“Estimated tax” means the amount which the insurance company\nestimates as the amount of the tax imposed by this chapter for the license year,\nmeasured by direct gross premium income received or derived in the taxable year.\n\t\t“Insurance company” means any company engaged in the business of\nmaking contracts of insurance.\n\t\t“License year” means the 12-month period beginning on July 1 next\nsucceeding the taxable year and ending on June 30 of the subsequent year.\n\t\t“Preceding year’s tax” means the tax as ascertained on the\npreceding year’s tax report.\n\t\t“Subscriber fee income” means the gross premium or deposit income\ncollected, received or derived from and credited to the accounts of subscribers\nfrom business in the Commonwealth during the preceding year ending December 31,\ndecreased by all returns for cancellation and all amounts returned to\nsubscribers or credited to their accounts as savings.\n\t\t“Tax” means the amount derived by multiplying the direct gross\npremium income in the taxable year by the tax rate.\n\t\t“Taxable year” means the calendar year preceding the license year\nupon the basis of which direct gross premium income is computed. The term\nincludes, in the case of direct gross premium income for a fractional part of a\ncalendar year, the period in which such direct gross premium income is received\nor derived from business in this Commonwealth.\n\nHISTORY: Code 1950, \u00a7\u00a7 58-486, 58-502, 58-502.1, 58-502.2; 1952, c. 190; 1954,\nc. 207; 1966, c. 264; 1968, c. 13; 1978, c. 4; 1984, c. 675; 1998, c. 365; 2003,\nc. 372; 2011, c. 850.","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}}