{"data":{"id":"us-va/14vac5-300-60","jurisdiction":"us-va","citation":"14VAC5-300-60","heading":"Credit for reinsurance; reinsurer licensed in this Commonwealth","body":"Pursuant to § 38.2-1316.2  C 1 of the Act, the commission shall allow credit when reinsurance is ceded to an assuming insurer which is licensed to transact insurance in this Commonwealth. For purposes of this section, an insurer shall not be considered so \"licensed\" unless it is fully authorized to actively solicit and conduct its business in this Commonwealth and in its domiciliary state.","path":["Title 14. Insurance","Agency 5. State Corporation Commission, Bureau of Insurance","Chapter 300. Rules Governing Credit for Reinsurance"],"source_url":"https://law.lis.virginia.gov/admincode/title14/agency5/chapter300/section60/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:51:57Z","sha256":"1915c16fe1a179994f8bd39dfa871f9c61d92f2cb386b9a35e6f64f6b8dd09ef","source_id":"us-va-vac","stale":false,"prev":"us-va/14vac5-300-40","next":"us-va/14vac5-300-70"},"notice":"GroundRules: Original legal text. Not legal advice."}