Code of Virginia - Title 38.2 Insurance - Section 38.2-2907 Participation in Association by insurers

§ 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  Next

Last modified: April 3, 2009