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Current as of January 01, 2025 | Updated by Findlaw Staff
No foreign or alien society shall do business in this Commonwealth without a license issued by the Commission. Any such society desiring admission to this Commonwealth shall comply substantially with the requirements and limitations of this chapter applicable to domestic societies. Any such society may be licensed to do business in this Commonwealth upon showing that its assets are invested in accordance with the provisions of this chapter and filing with the Commission:
1. A duly certified copy of its articles of incorporation;
2. A copy of its bylaws, certified by its secretary or corresponding officer;
3. A statement of its business in a form prescribed by the Commission, duly verified by an examination made by the supervising insurance official of its home state or other state, territory, province or country, satisfactory to the Commission;
4. Certification from the proper official of its home state, territory, province or country that the society is legally incorporated and licensed to do business therein;
5. Copies of its certificate forms; and
6. Such other information as the Commission may deem necessary.
Cite this article: FindLaw.com - Virginia Code Title 38.2. Insurance § 38.2-4129. Admission; foreign or alien society - last updated January 01, 2025 | https://codes.findlaw.com/va/title-38-2-insurance/va-code-sect-38-2-4129/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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