Surplus to policyowners

Va. Code Ann. § 38.2-3920, under Chapter 39. Mutual Assessment Life, Accident and Sickness Insurers..

Va. Code Ann. § 38.2-3920

A. A mutual assessment life, accident and sickness insurer shall have a minimum surplus to policyowners of $100,000.

B. In order to write the classes of insurance referred to in Category C of § 38.2-3902, minimum surplus to policyowners shall be $800,000.