Any public or private corporation in this Commonwealth or elsewhere may apply and enter into agreements for, hold policies in, and be a member of any mutual insurer.

Terms Used In Virginia Code 38.2-206

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Insurer: means an insurance company. See Virginia Code 38.2-100

Code 1950, § 38-506; 1952, c. 317, § 38.1-31.1; 1986, c. 562.

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