Code of Virginia - Title 38.2 Insurance - Section 38.2-2713 Obligations not to be impaired in event of repeal of chapter

§ 38.2-2713. Obligations not to be impaired in event of repeal of chapter

If the General Assembly repeals this chapter, (i) the obligations incurred by the residual market facility and the joint underwriting association and policies issued by either organization or by their members shall not be impaired by the repeal, and (ii) the residual market facility and joint underwriting association shall be continued until they have fully performed their respective outstanding obligations.

(1970, c. 45, § 38.1-755.1; 1986, c. 562.)

Sections:  Previous  38.2-2700  38.2-2701  38.2-2702  38.2-2703  38.2-2704  38.2-2705  38.2-2706  38.2-2707  38.2-2708  38.2-2709  38.2-2710  38.2-2711  38.2-2712  38.2-2713

Last modified: April 3, 2009