                                 CODE OF VIRGINIA

LICENSING OF ADDITIONAL COMPANIES PROHIBITED (§ 38.2-3906)

Any insurer that was not licensed and engaged in the business of mutual
assessment life, accident and sickness insurance in this Commonwealth under the
provisions of former Title 38.1 on July 1, 1952, shall not be issued a license
pursuant to this chapter to transact the business of insurance in this
Commonwealth. On or after that date a license shall not be issued except for
renewal of a license held by the insurer for the preceding year.

HISTORY: 1985, c. 400, § 38.1-549.7; 1986, c. 562.