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64 chapters · 1,789 sections in this title.
Va. Code Ann. § 38.2-5500 Applicability
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The provisions of this chapter shall be known as The Risk-Based Capital Act and may be referred to herein as "the Act." The Act shall apply to all persons licensed in the Commonwealth to transact an insurance business pursuant to provisions in Chapter 10 (§ 38.2-1000 et seq.), 11…
Va. Code Ann. § 38.2-5501 Definitions
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As used in this chapter, the following terms shall have the following meanings: "Adjusted RBC Report" means an RBC report which has been adjusted by the Commission in accordance with subsection F of § 38.2-5502. "Capital and surplus" or "capital," except when used in the term "ri…
Va. Code Ann. § 38.2-5502 RBC Reports
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A. Every domestic licensee shall, on or prior to each March 1, the "filing date," prepare and submit to the Commission a report of its RBC Levels as of the end of the calendar year just ended, in a form and containing such information as is required by the RBC Instructions. In ad…
Va. Code Ann. § 38.2-5503 Company Action Level Event
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A. "Company Action Level Event" means any of the following events: 1. The filing of an RBC Report by a licensee which indicates that: a. The licensee's Total Adjusted Capital is greater than or equal to its Regulatory Action Level RBC but less than its Company Action Level RBC; b…