Va. Code § 38.2-3803: Licensing of additional companies prohibited

Any company that was not licensed and doing business in this Commonwealth on July 1, 1952, shall not be issued a license to do the business of insurance in this Commonwealth. On or after July 1, 1952, only a renewal of a license held by the company for the preceding year will be issued.1952, c. 317, § 38.1-499; 1986, c. 562.