Virginia Statutes
§ 38.2-3920 — Surplus to policyowners
Virginia § 38.2-3920
JurisdictionVirginia
Title 38.2INSURANCE
Ch. 39MUTUAL ASSESSMENT LIFE, ACCIDENT AND SICKNESS INSURERS
Art. 5FINANCIAL PROVISIONS
This text of Virginia § 38.2-3920 (Surplus to policyowners) 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. § 38.2-3920 (2026).
Text
A.A mutual assessment life, accident and sickness insurer shall have a minimum surplus to policyowners of $100,000.
B.In order to write the classes of insurance referred to in Category C of § 38.2-3902, minimum surplus to policyowners shall be $800,000.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
1985, c. 400, § 38.1-549.21; 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 § 38.2-3920, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/38.2/38.2-3920.