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2018 Code of Virginia
Title 38.2 - Insurance
Chapter 13 - Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents
Article 1. Annual Statements and Other Reports
- § 38.2-1300. Annual statements
- § 38.2-1301. Additional reports
- § 38.2-1301.1. Material transaction disclosures
- § 38.2-1302. Extension of filing time
- § 38.2-1303. Printed forms to be filed by insurers; certificates to domestic insurers
- § 38.2-1304. False statements, reports, etc., deemed a Class 5 felony
- § 38.2-1305. Voluntary reports
- § 38.2-1306. Reports to be open to public inspection
- § 38.2-1306.1. Insurance companies' analyses confidential
Article 2. Valuation and Admissibility of Assets
- § 38.2-1306.2. Valuation of investments and other assets
- § 38.2-1306.3. Nonadmitted assets
- § 38.2-1307. Repealed
- § 38.2-1310. Repealed
- § 38.2-1310.1. Repealed
Article 3. Reserves
- § 38.2-1311. Valuation reserves
- § 38.2-1312. Unearned premium reserves
- § 38.2-1313. Loss records
- § 38.2-1314. Loss or claim reserves
- § 38.2-1315. Mortgage guaranty insurance contingency reserve
- § 38.2-1315.1. Actuarial statements of opinion, reports, memoranda, and summaries
- § 38.2-1316. Repealed
Article 3.1. Reinsurance
- § 38.2-1316.1. Definitions
- § 38.2-1316.2. Credit allowed a domestic ceding insurer
- § 38.2-1316.3. Repealed
- § 38.2-1316.4. Credit allowed any ceding insurer
- § 38.2-1316.5. Repealed
- § 38.2-1316.7. Rules and regulations
- § 38.2-1316.8. Reinsurance agreements affected
Article 4. Examinations
- § 38.2-1317. Examinations; when authorized or required
- § 38.2-1317.1. Examinations; nature and scope
- § 38.2-1317.2. Market analyses confidential
- § 38.2-1318. Examinations; how conducted
- § 38.2-1319. Expense of examination
- § 38.2-1320. Examination reports; general description
- § 38.2-1320.1. Submission of examination report
- § 38.2-1320.2. Filing of report on examination
- § 38.2-1320.3. Examination reports; orders and procedures
- § 38.2-1320.4. Publication and use of examination reports
- § 38.2-1320.5. Confidentiality of ancillary information
- § 38.2-1321. Records of examination preserved
- § 38.2-1321.1. Immunity from liability
Article 5. Insurance Holding Companies
- § 38.2-1322. Definitions
- § 38.2-1323. Acquisition of control of insurers
- § 38.2-1324. Contents of application
- § 38.2-1325. Alternate filing materials
- § 38.2-1326. Approval by Commission
- § 38.2-1327. Time for hearing; order of Commission
- § 38.2-1328. Exemption
- § 38.2-1329. Registration of insurers that are members of holding company system
- § 38.2-1330. Standards for transactions within an insurance holding company system; adequacy of surplus
- § 38.2-1330.1. Dividends and other distributions
- § 38.2-1331. Repealed
- § 38.2-1332. Examinations
- § 38.2-1332.1. Supervisory colleges
- § 38.2-1333. Confidential treatment of information and documents
- § 38.2-1334. Revocation, suspension, or nonrenewal of insurer's license
- § 38.2-1334.1. Voting of securities, injunctions, and sequestration of voting securities
- § 38.2-1334.2. Recovery
- § 38.2-1334.2:1. Rules and regulations
- § 38.2-1334.2:2. Sanctions
- § 38.2-1334.2:3. Statutory construction and relationship to other laws
Article 5.1. Risk Management Framework; Own Risk and Solvency Assessments
- § 38.2-1334.3. Definitions
- § 38.2-1334.4. Risk management framework
- § 38.2-1334.5. ORSA requirement
- § 38.2-1334.6. ORSA summary report
- § 38.2-1334.7. Scope of article; exemption
- § 38.2-1334.8. Contents of ORSA summary report
- § 38.2-1334.9. Confidentiality
- § 38.2-1334.10. Sanctions
Article 5.2. Corporate Governance Annual Disclosures
- § 38.2-1334.11. Definitions
- § 38.2-1334.12. Disclosure requirement
- § 38.2-1334.13. Contents of Corporate Governance Annual Disclosure
- § 38.2-1334.14. Confidentiality
- § 38.2-1334.15. NAIC and third-party consultants
- § 38.2-1334.16. Rules and regulations
- § 38.2-1334.17. Sanctions
Article 6. Subsidiaries of Insurance Companies
- § 38.2-1335. Definitions
- § 38.2-1336. Subsidiaries of insurers
- § 38.2-1337. Disclaimer of control
- § 38.2-1338. Applicability
- § 38.2-1339. Exemptions
- § 38.2-1340. Revocation, suspension, or nonrenewal of insurer's license
Article 7. Business Transacted with Producer-Controlled Property and Casualty Insurer Act
- § 38.2-1341. Definitions
- § 38.2-1342. Applicability
- § 38.2-1343. Minimum standards
- § 38.2-1344. Disclosure
- § 38.2-1345. Penalties
- § 38.2-1346. Licensure
Article 8. Licensing of Reinsurance Intermediaries
- § 38.2-1347. Definitions
- § 38.2-1348. License requirements
- § 38.2-1349. Required contract provisions; reinsurance intermediary brokers
- § 38.2-1350. Books and records; reinsurance intermediary brokers
- § 38.2-1351. Duties of insurers utilizing the services of a reinsurance intermediary broker
- § 38.2-1352. Required contract provisions; reinsurance intermediary managers
- § 38.2-1353. Prohibited acts
- § 38.2-1354. Duties of reinsurers utilizing the services of a reinsurance intermediary manager
- § 38.2-1355. Examination authority
- § 38.2-1356. Penalties and liabilities; grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license
- § 38.2-1357. Requirement to report to Commission
Article 9. Licensing of Managing General Agents
- § 38.2-1358. Definitions
- § 38.2-1359. Licensure
- § 38.2-1360. Required contract provisions
- § 38.2-1361. Duties of insurers utilizing managing general agents
- § 38.2-1362. Examination authority
- § 38.2-1363. Penalties and liabilities; grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license
- § 38.2-1364. Requirement to report to Commission
Article 10. Standard Valuation
- § 38.2-1365. Definitions
- § 38.2-1366. Reserve valuation
- § 38.2-1367. Actuarial opinion of reserves
- § 38.2-1368. Minimum valuation standard for policies issued prior to certain dates
- § 38.2-1369. Computation of minimum standard
- § 38.2-1370. Computation of minimum standard for annuities
- § 38.2-1371. Computation of minimum standard by calendar year of issue
- § 38.2-1372. Reserve valuation method; life insurance and endowment benefits
- § 38.2-1373. Reserve valuation method; annuity and pure endowment benefits
- § 38.2-1374. Minimum reserves
- § 38.2-1375. Optional reserve calculation
- § 38.2-1376. Reserve calculation; valuation net premium exceeding the gross premium charged
- § 38.2-1377. Reserve calculation; indeterminate premium plans
- § 38.2-1378. Minimum standard for accident and health insurance contracts
- § 38.2-1379. Valuation manual for policies issued on or after the operative date of the valuation manual
- § 38.2-1380. Requirements of a principle-based valuation
- § 38.2-1381. Experience reporting for policies in force on or after the operative date of the valuation manual
- § 38.2-1382. Confidentiality
- § 38.2-1383. Single state exemption
- § 38.2-1384. Assessment against insurers whose policies are valued
- § 38.2-1385. Article not applicable in certain cases
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