Code of Virginia - Title 38.2 Insurance - Section 38.2-3818 Officers and members not individually liable for payment

§ 38.2-3818. Officers and members not individually liable for payment

Officers and members of the supreme, grand or any subordinate body of any company shall not be individually liable for the payment of any disability or death or other benefits provided for in the laws, bylaws and contracts of the company. Benefits shall be payable out of the funds of the company and in the manner provided by its laws and bylaws.

(Code 1950, § 38-487; 1952, c. 317, § 38.1-519; 1986, c. 562.)

Sections:  Previous  38.2-3804  38.2-3805  38.2-3806  38.2-3807  38.2-3808  38.2-3809  38.2-3810  38.2-3811  38.2-3812  38.2-3813  38.2-3814  38.2-3815  38.2-3816  38.2-3817  38.2-3818

Last modified: April 3, 2009