Va. Code § 38.2-308

Current with changes from the 2024 legislative session through ch. 845

Section 38.2-308 - Contingent liability provisions in policies issued by certain mutual insurers

Except in the case of nonassessable policies, the contingent liability of each member of a mutual insurer, other than a life insurer, shall be clearly stated in the mutual insurer's policies. The contingent liability may be limited, but such limitation shall not be less than one additional annual premium on each policy held by the member.

Va. Code § 38.2-308

Code 1950, § 38-508; 1952, c. 317, § 38.1-335.1; 1986, c. 562.

Amended by Acts 1986, § c.562.

Amended by Acts 1952, § c. 317, § 38.1-335.1.