38.2-1029 - Additional licensing requirements for mutual insurers.
§ 38.2-1029. Additional licensing requirements for mutual insurers.
No mutual insurer shall be licensed to transact the business of insurance inthis Commonwealth unless it has a surplus of at least $1,600,000.
(Code 1950, § 38-514; 1952, c. 317, § 38.1-94; 1966, c. 580; 1978, c. 20;1986, c. 562; 1991, c. 261.)