CHAPTER 263

An Act to amend and reenact § $8.1-114 of the Code of Virginia, relating
to voluntary deposits by insurance companies. [H 3873}

Approved March 31, 1966

Be it enacted by the General Assembly of Virginia:

a That § 38.1-114 of the Code of Virginia be amended and reenacted as
ollows:

§ 38.1-114. Any domestic company, in order to comply with the laws
of any other state or territory or of the United States, may make a
voluntary deposit with the State Treasurer in excess of the amount re-
yuired by § 38.1-108, and such excess deposit shall be subject to all other
applicable provisions of the laws of this State relating to the deposits of
insurance companies, except that such excess deposit shall be for the pro-
ection of all the company’s * policyholders and creditors, notwithstanding
the provisions of § $8.1-110.