Establishment And Operation Of The Association
This is Article 1 of the Code of Virginia, titled “Establishment And Operation Of The Association.” It is part of Title 38.2, titled “Insurance.” It is part of Chapter 16, titled “Virginia Property And Casualty Insurance Guaranty Association.” 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- Repealed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