Code of Virginia - Title 38.2 Insurance - Section 38.2-215 Liability of president, chief executive officer or directors if insurance issued when insurer insol...

§ 38.2-215. Liability of president, chief executive officer or directors if insurance issued when insurer insol...

If any insurer is insolvent, and the president, chief executive officer or directors with knowledge of insolvency make or agree to further insurance, they shall be personally liable for any loss under that insurance.

(Code 1950, § 38-176; 1952, c. 317, § 38.1-37; 1986, c. 562.)

Sections:  Previous  38.2-208  38.2-209  38.2-210  38.2-211  38.2-212  38.2-213  38.2-214  38.2-215  38.2-216  38.2-217  38.2-218  38.2-219  38.2-220  38.2-221  38.2-221.1  Next

Last modified: April 3, 2009