Virginia § 38.2-3801 - Cooperative nonprofit life benefit company defined
Full text of Virginia Code of Virginia § 38.2-3801 — Cooperative nonprofit life benefit company defined, with citation guidance and answers to common questions.
§ 38.2-3801. Cooperative nonprofit life benefit company defined
A. Any company that (i) is organized without capital stock, (ii) has a representative form of government, (iii) conducts its business under the provisions of this chapter without profit and for the sole benefit of its members and their beneficiaries, (iv) issues benefit certificates or policies of life insurance, annuities, or accident and sickness insurance, or any combination of those classes of insurance, upon its members, and (v) maintains the reserves required in this chapter on all contracts issued by it to its members, shall be a cooperative nonprofit life benefit company.
B. As used in this chapter, "company" means a cooperative nonprofit life benefit company as defined in subsection A of this section.
Code 1950, § 38-467; 1952, c. 317, § 38.1-497; 1986, c. 562.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 38.2-3801
What does Code of Virginia § 38.2-3801 cover?
Section 38.2-3801 ("Cooperative nonprofit life benefit company defined") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 38.2-3801?
A common citation format is "Code of Virginia § 38.2-3801" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 38.2-3801 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.