<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>56000</law_id><section_number>38.2-4402.1</section_number><catch_line>Corporate organization required</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="44">Legal Services Plans</unit></structure><text>
						<section><p>Each plan shall be conducted by or through (i) a nonstock or stock corporation organized pursuant to the <span class="dictionary">laws</span> of this Commonwealth; (ii) a foreign corporation that is subject to regulation and licensing under the <span class="dictionary">laws</span> of its domiciliary <span class="dictionary">jurisdiction</span> that are substantially similar to those provided by this chapter; or (iii) a foreign corporation that is licensed as an <span class="dictionary">insurer</span> in its <span class="dictionary">state</span> of domicile and authorized to operate, conduct, or administer a <span class="dictionary">legal services plan</span> under the <span class="dictionary">laws</span> of any <span class="dictionary">state</span>. Any foreign <span class="dictionary">insurer</span> licensed pursuant to this chapter shall not be authorized to write any other classes of <span class="dictionary">insurance</span> under this title.</p></section></text><history>1994, c. 224; 2020, c. 408.</history><metadata></metadata></law>
