Mutual Assessment Property and Casualty Insurers

  1. Law
  2. Code of Virginia
  3. Insurance
  4. Mutual Assessment Property and Casualty Insurers

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Section
38.2-2500

Scope of chapter

Section
38.2-2501

Definitions

Section
38.2-2502

Mutual assessment insurance authorized

Section
38.2-2503

Classes of insurance that may be written by mutual assessment property and casualty insurers; minimum surplus to policyholders required

Section
38.2-2504

Property beyond authorized territory

Section
38.2-2505

Risks limited to those specified in this chapter; personal liability for loss

Section
38.2-2506

What laws applicable

Section
38.2-2507

Conversion of mutual assessment property and casualty insurers

Section
38.2-2508

Incorporation of insurers

Section
38.2-2509

Directors; terms; annual meetings; voting; executive committee

Section
38.2-2510

Officers

Section
38.2-2511

How license obtained

Section
38.2-2512

Who may become members

Section
38.2-2513

Withdrawal and exclusion of members

Section
38.2-2514

Procedure upon exclusion of member

Section
38.2-2515

Insurers to maintain membership of 100 or more; license suspended or revoked if membership not maintained; rehabilitation or liquidation

Section
38.2-2516

Issuance of policies; bylaws as part of contract

Section
38.2-2517

Policy forms to be filed

Section
38.2-2518

Assessment contract

Section
38.2-2519

Classification of risks; rates

Section
38.2-2520

Right to limit assessment liability

Section
38.2-2521

Notice of assessment; how given

Section
38.2-2522

Action to recover assessments; penalty

Section
38.2-2523

Notice of loss and adjustment

Section
38.2-2524

Proceeding when loss or damage exceeds cash on hand

Section
38.2-2525

Agents licenses required

Section
38.2-2526

Surplus to policyholders

Section
38.2-2527

Limitation on single risk to be assumed

Section
38.2-2528

Reinsurance

Section
38.2-2529

Unearned premium reserves required