Virginia Decodedhttps://vacode.org7965038.2-1029Additional licensing requirements for mutual insurers202538.2-100538.2-102138.2-103538.2-103638.2-4811InsuranceOrganization, Admission and Licensing of InsurersLicensing of Insurers

No mutual insurer shall be licensed to transact the business of insurance in this Commonwealth unless it has a surplus of at least $1,600,000.

Code 1950, § 38-514; 1952, c. 317, § 38.1-94; 1966, c. 580; 1978, c. 20; 1986, c. 562; 1991, c. 261.