There is a newer version of the Code of Virginia
2014 Virginia Code
Title 38.2 - Insurance
§ 38.2-1028. Additional licensing requirements for stock insurers
VA Code § 38.2-1028 (2014) What's This?
No stock insurer shall be licensed to transact the business of insurance in this Commonwealth unless it has fully paid in capital stock of at least one million dollars and surplus of at least three million dollars.
Code 1950, §§ 38-29, 38-33, 38-36, 38-330; 1952, c. 317, §§ 38.1-88, 38.1-89; 1966, c. 580; 1977, c. 322; 1978, c. 20; 1986, c. 562; 1991, c. 261 .
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