Code of Virginia - Title 38.2 Insurance - Section 38.2-5018 Assessments to be held in restricted cash account
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§ 38.2-5018. Assessments to be held in restricted cash account
All assessments paid pursuant to the plan of operation, shall be held in a
separate restricted cash account under the sole control of an independent
fund manager to be selected by the directors. The Fund, and any income from
it, shall be disbursed for the payment of awards as provided in this chapter
and for the payment of the expenses of administration of the Fund and the
Program, including the reasonable expenses of the Commission.
(1987, c. 540; 1989, c. 523; 1990, c. 244.)
Sections: 38.2-5009.1 38.2-5010 38.2-5011 38.2-5012 38.2-5013 38.2-5014 38.2-5015 38.2-5016 38.2-5016.1 38.2-5017 38.2-5018 38.2-5019 38.2-5020 38.2-5020.1 38.2-5021
Last modified: April 3, 2009
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