{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/38.2-3809.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/38.2-3809.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/38.2-3809.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/38.2-3809.html"}],"law_id":362444,"edition_id":2,"section_id":362444,"structure_id":51761,"section_number":"38.2-3809","catch_line":"How a company may become legal reserve life insurer","history":"Code 1950, \u00a7 38-477; 1952, c. 317, \u00a7 38.1-507; 1986, c. 562.","full_text":"Any company filing with the Commission a resolution of its board of directors or similar body, or of its legislative body, making a request to become a legal reserve life insurer, upon submitting proof satisfactory to the Commission that the request is properly authorized and that the condition of its business qualifies it under the laws of this Commonwealth to be classed as a legal reserve life insurer, shall become a legal reserve life insurer under the name and the plan provided by proper amendment of its charter or certificate of incorporation.\n\n","order_by":null,"text":{"0":{"id":1350081,"text":"Any company filing with the Commission a resolution of its board of directors or similar body, or of its legislative body, making a request to become a legal reserve life insurer, upon submitting proof satisfactory to the Commission that the request is properly authorized and that the condition of its business qualifies it under the laws of this Commonwealth to be classed as a legal reserve life insurer, shall become a legal reserve life insurer under the name and the plan provided by proper amendment of its charter or certificate of incorporation.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":51761,"edition_id":2,"name":"General Provisions","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":51760,"metadata":{"child_laws":14,"child_structures":0},"date_created":"2026-08-02 02:48:17","date_modified":"2026-08-02 12:33:16","permalink":{"id":1443153,"object_type":"structure","relational_id":51761,"identifier":"1","token":"38.2\/38\/1","url":"\/38.2\/38\/1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51760,"edition_id":2,"name":"Cooperative Nonprofit Life Benefit Companies","identifier":"38","label":"chapter","depth":2,"order_by":40,"parent_id":51644,"metadata":{"child_laws":19,"child_structures":2},"date_created":"2026-08-02 02:48:17","date_modified":"2026-08-02 12:33:16","permalink":{"id":1443151,"object_type":"structure","relational_id":51760,"identifier":"38","token":"38.2\/38","url":"\/38.2\/38\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51644,"edition_id":2,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":88,"parent_id":null,"metadata":{"child_laws":1890,"child_structures":173},"date_created":"2026-08-02 02:45:30","date_modified":"2026-08-02 12:32:55","permalink":{"id":1437663,"object_type":"structure","relational_id":51644,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":362435,"structure_id":51761,"section_number":"38.2-3800","catch_line":"Scope of chapter","url":"\/38.2-3800\/","token":"38.2\/38\/1\/38.2-3800","metadata":false},{"id":362436,"structure_id":51761,"section_number":"38.2-3801","catch_line":"Cooperative nonprofit life benefit company defined","url":"\/38.2-3801\/","token":"38.2\/38\/1\/38.2-3801","metadata":false},{"id":362437,"structure_id":51761,"section_number":"38.2-3802","catch_line":"Continuation of existing companies","url":"\/38.2-3802\/","token":"38.2\/38\/1\/38.2-3802","metadata":false},{"id":362438,"structure_id":51761,"section_number":"38.2-3803","catch_line":"Licensing of additional companies prohibited","url":"\/38.2-3803\/","token":"38.2\/38\/1\/38.2-3803","metadata":false},{"id":362439,"structure_id":51761,"section_number":"38.2-3804","catch_line":"What laws applicable","url":"\/38.2-3804\/","token":"38.2\/38\/1\/38.2-3804","metadata":false},{"id":362440,"structure_id":51761,"section_number":"38.2-3805","catch_line":"General powers of company; limitation on increase in rates","url":"\/38.2-3805\/","token":"38.2\/38\/1\/38.2-3805","metadata":false},{"id":362441,"structure_id":51761,"section_number":"38.2-3806","catch_line":"Constitution and bylaws","url":"\/38.2-3806\/","token":"38.2\/38\/1\/38.2-3806","metadata":false},{"id":362442,"structure_id":51761,"section_number":"38.2-3807","catch_line":"Governing body; board of directors","url":"\/38.2-3807\/","token":"38.2\/38\/1\/38.2-3807","metadata":false},{"id":362443,"structure_id":51761,"section_number":"38.2-3808","catch_line":"Filing copies of constitution and bylaws","url":"\/38.2-3808\/","token":"38.2\/38\/1\/38.2-3808","metadata":false},{"id":362444,"structure_id":51761,"section_number":"38.2-3809","catch_line":"How a company may become legal reserve life insurer","url":"\/38.2-3809\/","token":"38.2\/38\/1\/38.2-3809","metadata":false},{"id":362445,"structure_id":51761,"section_number":"38.2-3810","catch_line":"Institutions maintainable; company a charitable institution","url":"\/38.2-3810\/","token":"38.2\/38\/1\/38.2-3810","metadata":false},{"id":362446,"structure_id":51761,"section_number":"38.2-3811","catch_line":"Benefits not subject to process","url":"\/38.2-3811\/","token":"38.2\/38\/1\/38.2-3811","metadata":false},{"id":362447,"structure_id":51761,"section_number":"38.2-3812","catch_line":"Tax on gross premium receipts","url":"\/38.2-3812\/","token":"38.2\/38\/1\/38.2-3812","metadata":false},{"id":362448,"structure_id":51761,"section_number":"38.2-3813","catch_line":"Suits against company","url":"\/38.2-3813\/","token":"38.2\/38\/1\/38.2-3813","metadata":false}],"previous_section":{"id":362443,"structure_id":51761,"section_number":"38.2-3808","catch_line":"Filing copies of constitution and bylaws","url":"\/38.2-3808\/","token":"38.2\/38\/1\/38.2-3808","metadata":false},"next_section":{"id":362445,"structure_id":51761,"section_number":"38.2-3810","catch_line":"Institutions maintainable; company a charitable institution","url":"\/38.2-3810\/","token":"38.2\/38\/1\/38.2-3810","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3809\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1952, chapter 317; in 1986, chapter 562.<\/p>","references":false,"refers_to":false,"permalink":{"id":1443191,"object_type":"law","relational_id":362444,"identifier":"38.2-3809","token":"38.2\/38\/1\/38.2-3809","url":"\/38.2-3809\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/38.2-3809\/","token":"38.2\/38\/1\/38.2-3809","dublin_core":{"Title":"How a company may become legal reserve life insurer","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3809","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Any <span class=\"dictionary\">company<\/span> filing with the <span class=\"dictionary\">Commission<\/span> a resolution of its board of directors or similar body, or of its legislative body, making a request to become a legal reserve life <span class=\"dictionary\">insurer<\/span>, upon submitting proof satisfactory to the <span class=\"dictionary\">Commission<\/span> that the request is properly authorized and that the condition of its business qualifies it under the <span class=\"dictionary\">laws<\/span> of this Commonwealth to be classed as a legal reserve life <span class=\"dictionary\">insurer<\/span>, shall become a legal reserve life <span class=\"dictionary\">insurer<\/span> under the name and the plan provided by proper amendment of its charter or certificate of incorporation.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nHOW A COMPANY MAY BECOME LEGAL RESERVE LIFE INSURER (\u00a7 38.2-3809)\n\nAny company filing with the Commission a resolution of its board of directors or\nsimilar body, or of its legislative body, making a request to become a legal\nreserve life insurer, upon submitting proof satisfactory to the Commission that\nthe request is properly authorized and that the condition of its business\nqualifies it under the laws of this Commonwealth to be classed as a legal\nreserve life insurer, shall become a legal reserve life insurer under the name\nand the plan provided by proper amendment of its charter or certificate of\nincorporation.\n\nHISTORY: Code 1950, \u00a7 38-477; 1952, c. 317, \u00a7 38.1-507; 1986, c. 562.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}