Code of Virginia - Title 38.2 Insurance - Section 38.2-410 Where declarations filed and how payments made; refunding overpayments

§ 38.2-410. Where declarations filed and how payments made; refunding overpayments

A. As required by this chapter, each company shall file a declaration of estimated assessment with and pay the same to the Commission. All such payments shall be deposited by the Commission into the state treasury.

B. If any company overestimates and overpays the assessment, the Commission shall order a refund of the amount of the overpayment to the company. The overpayment shall be refunded out of the state treasury on the order of the Commission upon the Comptroller.

(1977, c. 317, § 38.1-48.5; 1986, c. 562.)

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Last modified: April 3, 2009