                                 CODE OF VIRGINIA

OFFICERS (§ 38.2-3908)

Unless the certificate of incorporation provides otherwise, the directors shall
elect from their number a president and may elect a chairman, and shall also
elect a secretary and a treasurer and any additional officers as they determine
necessary, who may or may not be members of the insurer. The offices of
secretary and treasurer may be held by one person. Unless otherwise provided in
the certificate of incorporation, the term of these officers shall be not less
than one year nor more than three years or until their successors are elected or
qualified.

HISTORY: 1985, c. 400, § 38.1-549.9; 1986, c. 562.