§ 38.2-1224. Modification of power of attorney and subscriber's agreement
Modification of the terms of the power of attorney and subscriber's agreement of a domestic reciprocal shall be made jointly by the attorney and the subscribers' advisory committee. Any such modification shall be filed with the attorney and the Commission and such filing shall by operation of law bind all subscribers the same as if each subscriber individually adopted and executed the modified, altered, or amended subscriber's agreement and power of attorney, and a copy of such agreement and power of attorney shall be provided to each subscriber within ninety days of such modifications, alterations, or amendments. No modification shall be effective retroactively, nor shall it affect any insurance contract issued prior to the modification.
(1952, c. 317, § 38.1-701; 1986, c. 562; 1990, c. 10.)
Sections: Previous 38.2-1217 38.2-1218 38.2-1219 38.2-1220 38.2-1221 38.2-1222 38.2-1223 38.2-1224 38.2-1225 38.2-1226 38.2-1227 38.2-1228 38.2-1229 38.2-1230 38.2-1231 NextLast modified: April 3, 2009