Article 5 Licensing of Insurers

This article is comprised of the following sections:
  • §38.2-1024 License required to transact the business of insurance; application fee requirements for license
  • §38.2-1025 Annual renewal of license
  • §38.2-1026 Retaliatory provisions as to taxes, fees, deposits and other requirements
  • §38.2-1027 Admission of foreign and alien insurers
  • §38.2-1028 Additional licensing requirements for stock insurers
  • §38.2-1029 Additional licensing requirements for mutual insurers
  • §38.2-1030 Surplus requirements for issuing policies without contingent liability
  • §38.2-1031 Additional requirements, alien insurers
  • §38.2-1032 Additional licensing requirements for domestic insurers
  • §38.2-1033 Additional licensing requirements for foreign insurers
  • §38.2-1034 How domestic mutual insurers may acquire initial surplus
  • §38.2-1035 Domestic insurers to maintain minimum capital and surplus; proceedings by Commission if impairment found
  • §38.2-1036 Impairment of capital and surplus of foreign and alien company ground for suspension or revocation of license
  • §38.2-1037 Exceptions for licensed and operating insurers
  • §38.2-1038 Authority of Commission to issue orders covering insurers in hazardous financial condition
  • §38.2-1039 Enjoining unlicensed foreign or alien insurers from transacting the business of insurance in Commonwealth
  • §38.2-1039.1 Risk retention groups