38.2-3809 - How a company may become legal reserve life insurer. - Virginia Statutes

§ 38.2-3809. How a company may become legal reserve life insurer.

Any company filing with the Commission a resolution of its board of directorsor similar body, or of its legislative body, making a request to become alegal reserve life insurer, upon submitting proof satisfactory to theCommission that the request is properly authorized and that the condition ofits business qualifies it under the laws of this Commonwealth to be classedas a legal reserve life insurer, shall become a legal reserve life insurerunder the name and the plan provided by proper amendment of its charter orcertificate of incorporation.

(Code 1950, § 38-477; 1952, c. 317, § 38.1-507; 1986, c. 562.)