§ 38.2-2907. Participation in Association by insurers
Each insurer that is a member of the Association shall participate in the 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.
(1988, cc. 769, 783.)
Sections: Previous 38.2-2900 38.2-2900.1 38.2-2901 38.2-2902 38.2-2903 38.2-2904 38.2-2905 38.2-2906 38.2-2907 38.2-2908 38.2-2909 38.2-2910 38.2-2911 38.2-2912 38.2-2913 NextLast modified: April 3, 2009