§ 38.2-2521. Notice of assessment; how given
After an assessment is made, the insurer shall give every member subject to the assessment written notice stating the amount of the member's assessment and the date when payment is due. Except where the provisions of the bylaws or the policy provide otherwise, the time of payment shall be at least thirty days and no more than sixty days from the service of the notice. That notice may be served personally or by mail. If mailed, the notice shall be deposited with the United States Postal Service and addressed to the member at his residence or place of business as shown on the company records.
(Code 1950, § 38-535; 1952, c. 317, § 38.1-684; 1986, c. 562.)Sections: Previous 38.2-2514 38.2-2515 38.2-2516 38.2-2517 38.2-2518 38.2-2519 38.2-2520 38.2-2521 38.2-2522 38.2-2523 38.2-2524 38.2-2525 38.2-2526 38.2-2527 38.2-2528 Next
Last modified: April 3, 2009