Each reciprocal shall maintain the same unearned premium and loss or claim reserves required for stock and mutual companies writing the same classes of insurance.
Va. Code Ann. § 38.2-1215, under Chapter 12. Reciprocal Insurance..
Va. Code Ann. § 38.2-1215
Each reciprocal shall maintain the same unearned premium and loss or claim reserves required for stock and mutual companies writing the same classes of insurance.