§ 38.2-2808. Participation in association by insurers
Each insurer that is a member of the association shall participate in the temporary contributions to finance the operation of the association in the proportion that the net direct premiums written by each member during the preceding calendar year bears to the aggregate net direct premiums written in this Commonwealth by all members of the association. However, the net direct premiums written by each member shall exclude that portion of premiums attributable to the operation of the association. Each insurer's participation in the association shall be determined annually on the basis of such premiums written during the preceding calendar year in the manner set forth in the plan of operation.
(1976, c. 85, § 38.1-782; 1986, c. 562.)
Sections: Previous 38.2-2800 38.2-2801 38.2-2802 38.2-2803 38.2-2804 38.2-2805 38.2-2806 38.2-2807 38.2-2808 38.2-2809 38.2-2810 38.2-2811 38.2-2812 38.2-2813 38.2-2814 NextLast modified: April 3, 2009