§ 38.2-1227. Time limit for assessment
Every subscriber of a domestic reciprocal having contingent assessment liability shall be liable for and shall pay his share of any assessment computed in accordance with this article if, while the policy is in force or within one year after its termination, the subscriber is notified (i) by the attorney of his intention to levy the assessment or (ii) that delinquency proceedings have been commenced against the reciprocal under the provisions of Chapter 15 of this title, and the Commission or receiver intends to levy an assessment.
(1952, c. 317, § 38.1-715; 1986, c. 562.)
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