                                 CODE OF VIRGINIA

DOMESTIC INSURERS PROHIBITED FROM INSURING LIVES AND PERSONS OF RESIDENTS OF
&#8220;RECIPROCAL STATES.&#8221; (§ 38.2-3102)

A. As used in this section, &#8220;reciprocal state&#8221; means a state whose
laws prohibit its domestic insurers from insuring the lives or persons of
residents of this Commonwealth unless the insurer is licensed in this
Commonwealth. The prohibition may be subject to exceptions similar to those set
forth in subsection C of this section.

B. Subject to the exceptions set forth in subsection C of this section, a
domestic insurer shall not enter into an insurance contract upon the life or
person of a resident of a reciprocal state unless the insurer is licensed in
that state.

C. The following are exceptions to the provisions of subsection B of this
section:

   1. Contracts entered into when the person insured, or proposed to be insured,
   is, at the time he signs the application, personally present in a state where
   the insurer is licensed;

   2. Certificates issued under any lawfully issued group life or group accident
   and sickness policy, when the group policy is entered into in a state where
   the insurer is licensed;

   3. Contracts made pursuant to a pension or retirement plan of an employer,
   when the contracts are applied for in a state where the employer is personally
   present or doing business and where the insurer is also licensed; or

   4. Contracts renewed, reinstated, converted, or continued in force, with or
   without modification, that are otherwise lawful and that were not originally
   executed in violation of this section.

HISTORY: Code 1950, § 38-364; 1952, c. 317, § 38.1-433; 1986, c. 562.