                                 CODE OF VIRGINIA

ADDITIONAL REPORTS (§ 38.2-1301)

A. In addition to the annual statement, the Commission may require a licensed
insurer to file additional reports, exhibits or statements considered necessary
to secure complete information concerning the condition, solvency, experience,
transactions or affairs of the insurer. The Commission shall establish deadlines
for filing these additional reports, exhibits or statements and may require
verification by any officers of the insurer designated by the Commission.

B. The Commission may require a domestic, foreign or alien insurer that is
authorized to transact insurance in this Commonwealth to file with the National
Association of Insurance Commissioners (NAIC) a copy of the insurer&#8217;s
financial statement required to be filed pursuant to &#xA7; 38.2-1301, on a
quarterly basis. Unless otherwise prescribed by the Commission, all such
financial statements, whether filed with the Commission or the NAIC, shall be
prepared in accordance with applicable provisions of the annual statement
instructions and the accounting practices and procedures manuals adopted by the
NAIC, or any successor publications. The Commission may prescribe that
additional copies of financial statements and other reports be filed in
machine-readable format.

HISTORY: Code 1950, § 38-122; 1952, c. 317, § 38.1-160; 1986, c. 562; 1991, c.
312; 1992, c. 588; 1994, c. 308.