58.1-2529 - Other provisions of this chapter not affected by this article; insurance companies going out of business. - Virginia Statutes

§ 58.1-2529. Other provisions of this chapter not affected by this article;insurance companies going out of business.

Nothing in this article shall be construed as affecting other provisions ofthis chapter except to the extent required to give this article full effect.If an insurance company goes out of business or ceases to be an insurancecompany in this Commonwealth in any taxable or license year, such an eventshall not relieve the company of the payment of the tax measured by directgross premium income for the period in which the company operated as aninsurance company and received or derived direct gross premium income frombusiness in this Commonwealth.

(Code 1950, § 58-502.7; 1968, c. 13; 1984, c. 675.)