                                 CODE OF VIRGINIA

CLASSES OF INSURANCE THAT MAY BE WRITTEN BY MUTUAL ASSESSMENT PROPERTY AND
CASUALTY INSURERS; MINIMUM SURPLUS TO POLICYHOLDERS REQUIRED (§ 38.2-2503)

A. Any mutual assessment property and casualty insurer with surplus to
policyholders of at least $25,000 may write the following classes:

   1. Fire insurance as defined in &#xA7; 38.2-110;

   2. Miscellaneous property damage insurance as defined in &#xA7; 38.2-111; and

   3. Animal insurance as defined in &#xA7; 38.2-116.

B. Any mutual assessment property and casualty insurer with surplus to
policyholders of at least $100,000 may write the following classes of insurance,
in addition to those classes enumerated in subsection A of this section:

   1. Water damage insurance as defined in &#xA7; 38.2-112;

   2. Burglary and theft insurance as defined in &#xA7; 38.2-113;

   3. Glass insurance as defined in &#xA7; 38.2-114;

   4. Boiler and machinery insurance as defined in &#xA7; 38.2-115;

   5. Personal injury liability insurance as defined in &#xA7; 38.2-117;

   6. Property damage liability insurance as defined in &#xA7; 38.2-118;

   7. Marine insurance as defined in &#xA7; 38.2-126;

   8. Home protection insurance as defined in &#xA7; 38.2-129;

   9. Homeowners insurance as defined in &#xA7; 38.2-130;

   10. Farmowners insurance as defined in &#xA7; 38.2-131;

   11. Commercial multi-peril insurance as defined in &#xA7; 38.2-132; and

   12. Contingent and consequential losses insurance as defined in &#xA7;
   38.2-133.
   				The liability coverages specified in this subsection may be written only
   by insurers having a surplus to policyholders of at least $300,000 unless the
   coverages are fully reinsured.

C. Any mutual assessment property and casualty insurer with surplus to
policyholders of at least $800,000 may write the following classes of insurance,
in addition to those classes enumerated in subsections A and B of this section:

   1. Workers&#8217; compensation and employers&#8217; liability insurance as
   defined in &#xA7; 38.2-119;

   2. Fidelity insurance as defined in &#xA7; 38.2-120;

   3. Surety insurance as defined in &#xA7; 38.2-121;

   4. Credit insurance as defined in &#xA7; 38.2-122;

   5. Motor vehicle insurance as defined in &#xA7; 38.2-124;

   6. Aircraft insurance as defined in &#xA7; 38.2-125;

   7. Legal services insurance as defined in &#xA7; 38.2-127; and

   8. Mortgage guaranty insurance as defined in &#xA7; 38.2-128.

HISTORY: Code 1950, §§ 38-523, 38-526, 38-529; 1952, c. 317, § 38.1-659;
1954, c. 161; 1960, c. 292; 1962, c. 172; 1974, c. 244; 1986, c. 562.