§ 38.2-2501

Definitions

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.

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