Virginia § 58.1-2529 Other provisions of this chapter not affected by this article; insurance companies going out of business

Virginia Statutes

§ 58.1-2529 — Other provisions of this chapter not affected by this article; insurance companies going out of business

Virginia § 58.1-2529

JurisdictionVirginia

Title 58.1TAXATION

Subtitle IITAXES ADMINISTERED BY OTHER AGENCIES

Ch. 25LICENSE TAX ON CERTAIN INSURANCE COMPANIES

Art. 2ESTIMATED TAX

This text of Virginia § 58.1-2529 (Other provisions of this chapter not affected by this article; insurance companies going out of business) 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. § 58.1-2529 (2026).

Text

Nothing in this article shall be construed as affecting other provisions of this chapter except to the extent required to give this article full effect. If an insurance company goes out of business or ceases to be an insurance company in this Commonwealth in any taxable or license year, such an event shall not relieve the company of the payment of the tax measured by direct gross premium income for the period in which the company operated as an insurance company and received or derived direct gross premium income from business in this Commonwealth.

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Nothing in this article shall be construed as affecting other provisions of this chapter except to the extent required to give this article full effect. If an insurance company goes out of business or ceases to be an insurance company in this Commonwealth in any taxable or license year, such an event shall not relieve the company of the payment of the tax measured by direct gross premium income for the period in which the company operated as an insurance company and received or derived direct gross premium income from business in this Commonwealth.