Code of Virginia - Title 38.2 Insurance - Chapter 4 Assessment For Administration Of Insurance Laws And Declarations Of Estimated Assessments By Insure...

38.2-400 Expense of administration of insurance laws borne by licensees; minimum contribution
A. The expense of maintaining the Bureau of the Commission responsible for administering the insurance laws of this Commonwealth, including a reasonable margin in the ...

38.2-401 Fire Programs Fund
A. 1. There is hereby established in the state treasury a special nonreverting fund to be known as the Fire Programs Fund, hereinafter referred to ...

38.2-401.1 Dam Safety, Flood Prevention and Protection Assistance Fund assessment
The Commission shall annually assess against all licensed insurance companies doing business in this Commonwealth by writing any type of flood insurance an assessment in ...

38.2-402 Definitions
As used in this chapter: "Assessable year" means the calendar year upon which the direct gross premium income is computed under this chapter. In the ...

38.2-403 Assessment for expenses
The Commission shall assess each company annually for its just share of expenses. The assessment shall be in proportion to direct gross premium income for ...

38.2-404 Recovery of such assessments; revocation or suspension of license
If an assessment made under § 38.2-403 is not paid to the Commission by the prescribed date, the amount of the assessment, penalty, and interest ...

38.2-405 Appeal from assessment
A company aggrieved by the assessment may appeal to the Supreme Court of Virginia in accordance with the Rules of Court applicable to appeals from ...

38.2-406 Report of gross premium income
Each company subject to assessment under this chapter shall, on or before March 1 of each year, report under oath to the Commission, upon forms ...

38.2-407 Declarations of estimated assessment
A. Each company subject to the assessment prescribed by § 38.2-400 shall make a declaration of estimated assessment for the assessable year as provided in ...

38.2-408 Time for filing declarations of estimated assessment
A. The declaration of estimated assessment required of companies by § 38.2-407 shall be filed as follows: If the requirements of § 38.2-407 are first ...

38.2-409 Installment payment of estimated assessment
A. The amount of estimated assessment, as defined in subsection B of § 38.2-407 for which a declaration is required under § 38.2-407 shall be ...

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 ...

38.2-411 Failure to pay estimated assessment
A. In case of any underpayment of estimated assessment by a company, except as provided in subsection D of this section, interest shall be added ...

38.2-412 Companies going out of business
If a company goes out of business or ceases to be a company in this Commonwealth in any assessable or license year, the company shall ...

38.2-413 Double assessment respecting same direct gross premium income negated
This chapter shall not be construed to require including any direct gross premium income used previously in calculating the assessment imposed by this chapter for ...

38.2-414 Assessments to fund program to reduce losses from motor vehicle thefts
A. To provide funds to establish and operate a statewide program to receive and reward information leading to the arrest of persons who commit motor ...

38.2-415 Assessment to fund program to reduce losses from insurance fraud
A. Each licensed insurer doing business in the Commonwealth by writing any type of insurance as defined in §§ 38.2-110 through 38.2-122.2 and 38.2-124 through ...