Virginia Code > Title 38.2 > Chapter 25 > Article 2 – Organization and Licensing of Insurers
Current as of: 2023 | Check for updates
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Other versions
| § 38.2-2508 | Incorporation of insurers |
| § 38.2-2509 | Directors; terms; annual meetings; voting; executive committee |
| § 38.2-2510 | Officers |
| § 38.2-2511 | How license obtained |
Terms Used In Virginia Code > Title 38.2 > Chapter 25 > Article 2 - Organization and Licensing of Insurers
- business of insurance: include solicitation, negotiations preliminary to execution, execution of an insurance contract, and the transaction of matters subsequent to execution of the contract and arising out of it. See Virginia Code 38.2-100
- Commission: means the State Corporation Commission. See Virginia Code 38.2-100
- 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
- Person: means any association, aggregate of individuals, business, company, corporation, individual, joint-stock company, Lloyds type of organization, organization, partnership, receiver, reciprocal or interinsurance exchange, trustee or society. See Virginia Code 38.2-100
- Quorum: The number of legislators that must be present to do business.