{"data":{"id":"us-va/va.-code-38.2-1028","jurisdiction":"us-va","citation":"Va. Code § 38.2-1028","heading":"Additional licensing requirements for stock insurers","body":"No stock insurer shall be licensed to transact the business of insurance in this Commonwealth unless it has fully paid in capital stock of at least one million dollars and surplus of at least three million dollars.Code 1950, §§ 38-29, 38-33, 38-36, 38-330; 1952, c. 317, §§ 38.1-88, 38.1-89; 1966, c. 580; 1977, c. 322; 1978, c. 20; 1986, c. 562; 1991, c. 261.","path":["Title 38.2. INSURANCE","Chapter 10. ORGANIZATION, ADMISSION AND LICENSING OF INSURERS","Article 5. LICENSING OF INSURERS"],"source_url":"https://law.lis.virginia.gov/vacode/38.2-1028/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:16:05Z","sha256":"9b2f2c966eecb91a58a716c32802a65b87a28338eacd7baa165db26271642246","source_id":"us-va","stale":true,"prev":"us-va/va.-code-38.2-1027","next":"us-va/va.-code-38.2-1029"},"notice":"GroundRules: Original legal text. Not legal advice."}