{"data":{"id":"us-va/va.-code-38.2-2503","jurisdiction":"us-va","citation":"Va. Code § 38.2-2503","heading":"Classes of insurance that may be written by mutual assessment property and casualty insurers; minimum surplus to policyholders required","body":"A. Any mutual assessment property and casualty insurer with surplus to policyholders of at least $25,000 may write the following classes:1. Fire insurance as defined in § 38.2-110;2. Miscellaneous property damage insurance as defined in § 38.2-111; and3. Animal insurance as defined in § 38.2-116.B. Any mutual assessment property and casualty insurer with surplus to policyholders of at least $100,000 may write the following classes of insurance, in addition to those classes enumerated in subsection A of this section:1. Water damage insurance as defined in § 38.2-112;2. Burglary and theft insurance as defined in § 38.2-113;3. Glass insurance as defined in § 38.2-114;4. Boiler and machinery insurance as defined in § 38.2-115;5. Personal injury liability insurance as defined in § 38.2-117;6. Property damage liability insurance as defined in § 38.2-118;7. Marine insurance as defined in § 38.2-126;8. Home protection insurance as defined in § 38.2-129;9. Homeowners insurance as defined in § 38.2-130;10. Farmowners insurance as defined in § 38.2-131;11. Commercial multi-peril insurance as defined in § 38.2-132; and12. Contingent and consequential losses insurance as defined in § 38.2-133.The liability coverages specified in this subsection may be written only by insurers having a surplus to policyholders of at least $300,000 unless the coverages are fully reinsured.C. Any mutual assessment property and casualty insurer with surplus to policyholders of at least $800,000 may write the following classes of insurance, in addition to those classes enumerated in subsections A and B of this section:1. Workers' compensation and employers' liability insurance as defined in § 38.2-119;2. Fidelity insurance as defined in § 38.2-120;3. Surety insurance as defined in § 38.2-121;4. Credit insurance as defined in § 38.2-122;5. Motor vehicle insurance as defined in § 38.2-124;6. Aircraft insurance as defined in § 38.2-125;7. Legal services insurance as defined in § 38.2-127; and8. Mortgage guaranty insurance as defined in § 38.2-128.Code 1950, §§ 38-523, 38-526, 38-529; 1952, c. 317, § 38.1-659; 1954, c. 161; 1960, c. 292; 1962, c. 172; 1974, c. 244; 1986, c. 562.","path":["Title 38.2. INSURANCE","Chapter 25. MUTUAL ASSESSMENT PROPERTY AND CASUALTY INSURERS","Article 1. General Provisions"],"source_url":"https://law.lis.virginia.gov/vacode/38.2-2503/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:16:05Z","sha256":"48b926879fed528fcd19243ed881612bd139b598e911aeb3210b611c79609890","source_id":"us-va","stale":true,"prev":"us-va/va.-code-38.2-2502","next":"us-va/va.-code-38.2-2504"},"notice":"GroundRules: Original legal text. Not legal advice."}