38.2-1050 - Voluntary deposit in excess of amount required. - Virginia Statutes

§ 38.2-1050. Voluntary deposit in excess of amount required.

Any domestic insurer, in order to comply with the laws of any other state orof the United States, may make a voluntary deposit with the State Treasurerin excess of the amount required by § 38.2-1045. This excess deposit shall besubject to all other applicable provisions of the laws of this Commonwealthrelating to the deposits of insurers. However, this excess deposit shall befor the protection of all the insurer's policyholders and general creditors,notwithstanding the provisions of § 38.2-1046.

(Code 1950, § 38-41; 1952, c. 317, § 38.1-114; 1966, c. 263; 1986, c. 562.)