79387838.2-1212Virginia Decodedhttps://vacode.org2016InsuranceReciprocal InsuranceGeneral Provisions1952, c. 317, §§ 38.1-702, 38.1-716; 1986, c. 562.http://law.lis.virginia.gov/vacode/38.2-1212/38.2-1226Assessments/38.2-1226//38.2-1212/38.2/12/1/38.2-121238.2-122638.2-1229

section

A

AA1

The contingent assessment liability on any one policy in any one calendar year shall equal the premiums earned, as defined in § 38.2-1226, on the policy for that year multiplied by not less than one nor more than ten.section

B

BB1

The contingent assessment liability shall not be joint, but shall be individual and several.section

C

CC1

Each assessable policy issued by the insurer shall plainly set forth a statement of the contingent assessment liability on the front of the policy in capital letters in no less than ten point type.section

D

DD1