CODE OF VIRGINIA

DEFINITIONS (§ 38.2-2501)

As used in this chapter:”Mutual assessment insurance” means property
and casualty insurance written by an insurer which has a right to assess its
members for contributions and which is licensed pursuant to this
chapter.”Mutual assessment property and casualty insurer” means a
company without capital stock that writes only mutual assessment insurance
insuring property located in or protecting against losses of members who are
residents of this Commonwealth.

HISTORY: Code 1950, §§ 38-523, 38-526, 38-529; 1952, c. 317, § 38.1-659;
1954, c. 161; 1960, c. 292; 1962, c. 172; 1974, c. 244; 1986, c. 562.