Chapter 25. Mutual Assessment Property and Casualty InsurersRead Chapter
- Article 1. General ProvisionsRead all
- § 38.2-2500
- Scope of chapter
- § 38.2-2501
- Definitions
- § 38.2-2502
- Mutual assessment insurance authorized
- § 38.2-2503
- Classes of insurance that may be written by mutual assessment property and casualty insurers; minimum surplus to policyholders required
- § 38.2-2504
- Property beyond authorized territory
- § 38.2-2505
- Risks limited to those specified in this chapter; personal liability for loss
- § 38.2-2506
- What laws applicable
- § 38.2-2507
- Conversion of mutual assessment property and casualty insurers
- Article 2. Organization and Licensing of InsurersRead all
- § 38.2-2508
- Incorporation of insurers
- § 38.2-2509
- Directors; terms; annual meetings; voting; executive committee
- § 38.2-2510
- Officers
- § 38.2-2511
- How license obtained
- Article 3. MembersRead all
- § 38.2-2512
- Who may become members
- § 38.2-2513
- Withdrawal and exclusion of members
- § 38.2-2514
- Procedure upon exclusion of member
- § 38.2-2515
- Insurers to maintain membership of 100 or more; license suspended or revoked if membership not maintained; rehabilitation or liquidation
- Article 4. Insurance TransactionsRead all
- § 38.2-2516
- Issuance of policies; bylaws as part of contract
- § 38.2-2517
- Policy forms to be filed
- § 38.2-2518
- Assessment contract
- § 38.2-2519
- Classification of risks; rates
- § 38.2-2520
- Right to limit assessment liability
- § 38.2-2521
- Notice of assessment; how given
- § 38.2-2522
- Action to recover assessments; penalty
- § 38.2-2523
- Notice of loss and adjustment
- § 38.2-2524
- Proceeding when loss or damage exceeds cash on hand
- § 38.2-2525
- Agents licenses required
- Article 5. Financial ProvisionsRead all
- § 38.2-2526
- Surplus to policyholders
- § 38.2-2527
- Limitation on single risk to be assumed
- § 38.2-2528
- Reinsurance
- § 38.2-2529
- Unearned premium reserves required
