Establishment and Operation of the Association

This is the 2025 edition of the code. There is not the current edition. Browse all editions.

This is Article 1 of the Code of Virginia, titled “Establishment and Operation of the Association.” It is part of Chapter 16 “Virginia Property and Casualty Insurance Guaranty Association”, which is part of Title 38.2 “Insurance”.

It’s comprised of the following 19 sections.

§ 38.2-1600 Purpose
§ 38.2-1601 Application
§ 38.2-1602 Liberal construction
§ 38.2-1603 Definitions
§ 38.2-1604 Association created; members; divided into three accounts
§ 38.2-1605 Board of directors
§ 38.2-1606 Duties and powers of Association
§ 38.2-1607 Plan of operation
§ 38.2-1608 Duties and powers of Commission; judicial review
§ 38.2-1609 Insured's rights and liabilities; settlements binding on receiver or liquidator; priority of claims; statements to be filed with receiver or liquidator
§ 38.2-1610 Exhaustion of remedies under policy; claims recoverable from more than one association
§ 38.2-1611 Aids in detection and prevention of insurer insolvencies
§ 38.2-1611.1 Tax write-offs of certificates of contribution
§ 38.2-1612 Examination and regulation of Association by Commission; annual financial report
§ 38.2-1613 Exemption from payment of fees and taxes
§ 38.2-1614 Repealed
§ 38.2-1615 No liability for action taken in good faith
§ 38.2-1616 Stay of proceedings against insolvent insurer; setting aside judgment, etc.; access to records
§ 38.2-1617 Termination of operation of Association; expiration of chapter