Virginia Statutes
§ 38.2-3906 — Licensing of additional companies prohibited
Virginia § 38.2-3906
JurisdictionVirginia
Title 38.2INSURANCE
Ch. 39MUTUAL ASSESSMENT LIFE, ACCIDENT AND SICKNESS INSURERS
Art. 2ORGANIZATION AND LICENSING OF COMPANIES
This text of Virginia § 38.2-3906 (Licensing of additional companies prohibited) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 38.2-3906 (2026).
Text
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.
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Legislative History
1985, c. 400, § 38.1-549.7; 1986, c. 562.
Nearby Sections
15
§ 38.2-100
Definitions§ 38.2-1000
Incorporation of domestic stock insurers§ 38.2-1001
Incorporation of domestic mutual insurers§ 38.2-1004
Voting§ 38.2-1005
Certain mutual companies and societies not to become stock companies without approval of Commission§ 38.2-1005.1:1
Definitions§ 38.2-1005.1:10
Conflicts of interest§ 38.2-1005.1:11
Costs and expenses§ 38.2-1005.1:12
Failure to give notice§ 38.2-1005.1:13
Limitation on actionsCite This Page — Counsel Stack
Bluebook (online)
Virginia § 38.2-3906, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/38.2/38.2-3906.