                                 CODE OF VIRGINIA

APPLICABILITY (§ 38.2-1342)

A. All provisions of this article shall apply to domestic insurers.

B. Effective January 1, 1994, any foreign insurer not domiciled and licensed in
an accredited state shall confirm, at least once every five years, as a
condition of licensing and licensing renewal, its compliance with the provisions
of this article or those of a substantially similar law enacted by an accredited
state in which the insurer is licensed. The method of confirmation shall be
determined by the Commission and may include examination of such foreign insurer
and its controlling producer pursuant to Article 4 (&#xA7; 38.2-1317 et seq.) of
Chapter 13. Any foreign insurer that is unable to confirm substantial compliance
in a manner satisfactory to the Commission shall be subject to all of the
provisions of this title.

C. All provisions of Article 5 (&#xA7; 38.2-1322 et seq.), Article 5.1 (&#xA7;
38.2-1334.3 et seq.), and Article 5.2 (&#xA7; 38.2-1334.11 et seq.) of this
chapter and Article 2 (&#xA7; 38.2-4230 et seq.) of Chapter 42, to the extent
they are not superseded by the provisions of this article, shall continue to
apply to all parties within holding company systems subject to this article.

HISTORY: 1993, c. 158; 2014, c. 248; 2017, c. 643.