Net worth
Va. Code Ann. § 6.2-1950
in effectA. A licensee shall maintain at all times a tangible net worth in an amount not less than the following:
1. For a licensee with total assets in an amount not greater than $100 million, the greater of $100,000 or three percent of the value of the licensee's total assets.
2. For a licensee with total assets in an amount greater than $100 million and not greater than $1 billion, the sum of $3 million and two percent of the additional assets in excess of $100 million.
3. For a licensee with total assets in an amount greater than $1 billion, the sum of $21 million and 0.5 percent of the additional assets in excess of $1 billion.
B. Tangible net worth shall be demonstrated at initial application and thereafter in a manner prescribed by the Commission.
2025, c. 214 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/6.2-1950/Fetched: 10/17/2026