Virginia Decodedhttps://vacode.org8323538.2-3803Licensing of additional companies prohibited2025InsuranceCooperative Nonprofit Life Benefit CompaniesGeneral Provisions

Any company that was not licensed and doing business in this Commonwealth on July 1, 1952, shall not be issued a license to do the business of insurance in this Commonwealth. On or after July 1, 1952, only a renewal of a license held by the company for the preceding year will be issued.

1952, c. 317, § 38.1-499; 1986, c. 562.