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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>87143</law_id><section_number>38.2-3920</section_number><catch_line>Surplus to policyowners</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="39">Mutual Assessment Life, Accident and Sickness Insurers</unit><unit label="article" level="3" order_by="1" identifier="5">Financial Provisions</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A <span class="dictionary">mutual assessment life, accident and sickness insurer</span> shall have a minimum surplus to policyowners of $100,000. <a id="paragraph-312057" class="section-permalink" href="https://vacode.org/38.2-3920/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> In <span class="dictionary">order</span> to write the classes of <span class="dictionary">insurance</span> referred to in Category C of &#xA7; <a class="law" title="Classes of insurance that may be written by mutual assessment life, accident and sickness insurers" href="/38.2-3902/">38.2-3902</a>, minimum surplus to policyowners shall be $800,000. <a id="paragraph-312058" class="section-permalink" href="https://vacode.org/38.2-3920/#B"><i class="fa fa-link"/></a></p></section></text><history>1985, c. 400, &#xA7; 38.1-549.21; 1986, c. 562.</history><metadata></metadata></law>
