CHAPTER 527

AN ACT to amend and reenact § 58-494, as amended, of the Code of Vir-
ginia, exempting certain fire insurance companies from license tax.

[S 309}
Approved March 30, 1956

Be it enacted by the General Assembly of Virginia:

1. That § 58-494, as amended, of the Code of Virginia be amended and
reenacted as follows:

§ 58-494. No license tax for transacting insurance shall be imposed
upon any mutual assessment fire insurance company as defined in § 38.1-
659 which confines its business to not more than four contiguous counties
and cities located therein and wholly surrounded thereby in this State,
tf any such city has a population of not more than twenty thousand nor
less than ten thousand five hundred, or which confines its business to more
than four contiguous counties in this State if such counties together have
a population not in excess of one hundred thousand.