Virginia Decodedhttps://vacode.org8314438.2-1313Loss records2025InsuranceReports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General AgentsReserves

Each insurer licensed to transact business in this Commonwealth shall, except for accident and sickness insurance as defined in § 38.2-109, maintain a complete and itemized record showing all losses and claims for which notice has been given. When necessary, the insurers shall maintain a record of all notices received of the occurrence of any event that may result in a loss.

1952, c. 317, § 38.1-172; 1986, c. 562.