Virginia too! Actually, I'm pretty sure it's a Coast Guard requirement...not a state requirement. Also, it must be out and "immediately available" for use...not stowed in a compartment. Makes sense, because if you need it, you need it NOW!
Hey Vic, thanks for the reminder to check the flares' expiration dates.
I found this link if you want to find someone to perform a Vessel Safety Check (VSC). There is also a link to perform an online VSC to see if you would pass the check. Neat stuff!
http://www.uscgboating.org/safety/vsc.htm