§ 38.2-2912 Commissions for placing and servicing risk with Association
For any policy issued by the Association, the commission payable to the person that places the risk with the Joint Underwriting Association or services the risk shall be limited to five percent of the annual premium for the policy or $1,000, whichever is less.
History
This law was first created in 1988. The record of its establishment is cataloged in chapters 769 and 783 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1988 “Acts” aren’t available online.
1988, cc. 769, 783.