{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-2522.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-2522.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-2522.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-2522.html"}],"law_id":66285,"edition_id":1,"section_id":66285,"structure_id":14941,"section_number":"38.2-2522","catch_line":"Action to recover assessments; penalty","history":"Code 1950, \u00a7 38-536; 1952, c. 317, \u00a7 38.1-685; 1986, c. 562.","full_text":"Within twelve months after an assessment becomes due, a mutual assessment property and casualty insurer may institute suit against any member to recover any assessment that the member fails to pay. The insurer shall be entitled to recover (i) the amount shown to be due, (ii) lawful interest, and (iii) fifty percent of the principal amount as liquidated damages for neglect or refusal to pay within the time required.","order_by":null,"text":{"0":{"id":240729,"text":"Within twelve months after an assessment becomes due, a mutual assessment property and casualty insurer may institute suit against any member to recover any assessment that the member fails to pay. The insurer shall be entitled to recover (i) the amount shown to be due, (ii) lawful interest, and (iii) fifty percent of the principal amount as liquidated damages for neglect or refusal to pay within the time required.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14941,"edition_id":1,"name":"Insurance Transactions","identifier":"4","label":"article","depth":3,"order_by":1,"parent_id":13766,"metadata":{},"date_created":"2026-06-26 03:50:55","date_modified":"2026-06-26 03:50:55","permalink":{"id":213883,"object_type":"structure","relational_id":14941,"identifier":"4","token":"38.2\/25\/4","url":"\/38.2\/25\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13766,"edition_id":1,"name":"Mutual Assessment Property and Casualty Insurers","identifier":"25","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:45:49","date_modified":"2026-06-26 03:45:49","permalink":{"id":213811,"object_type":"structure","relational_id":13766,"identifier":"25","token":"38.2\/25","url":"\/38.2\/25\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":69506,"structure_id":14941,"section_number":"38.2-2516","catch_line":"Issuance of policies; bylaws as part of contract","url":"\/38.2-2516\/","token":"38.2\/25\/4\/38.2-2516","metadata":false},{"id":69640,"structure_id":14941,"section_number":"38.2-2517","catch_line":"Policy forms to be filed","url":"\/38.2-2517\/","token":"38.2\/25\/4\/38.2-2517","metadata":false},{"id":69465,"structure_id":14941,"section_number":"38.2-2518","catch_line":"Assessment contract","url":"\/38.2-2518\/","token":"38.2\/25\/4\/38.2-2518","metadata":false},{"id":86250,"structure_id":14941,"section_number":"38.2-2519","catch_line":"Classification of risks; rates","url":"\/38.2-2519\/","token":"38.2\/25\/4\/38.2-2519","metadata":false},{"id":79668,"structure_id":14941,"section_number":"38.2-2520","catch_line":"Right to limit assessment liability","url":"\/38.2-2520\/","token":"38.2\/25\/4\/38.2-2520","metadata":false},{"id":57007,"structure_id":14941,"section_number":"38.2-2521","catch_line":"Notice of assessment; how given","url":"\/38.2-2521\/","token":"38.2\/25\/4\/38.2-2521","metadata":false},{"id":66285,"structure_id":14941,"section_number":"38.2-2522","catch_line":"Action to recover assessments; penalty","url":"\/38.2-2522\/","token":"38.2\/25\/4\/38.2-2522","metadata":false},{"id":76397,"structure_id":14941,"section_number":"38.2-2523","catch_line":"Notice of loss and adjustment","url":"\/38.2-2523\/","token":"38.2\/25\/4\/38.2-2523","metadata":false},{"id":62608,"structure_id":14941,"section_number":"38.2-2524","catch_line":"Proceeding when loss or damage exceeds cash on hand","url":"\/38.2-2524\/","token":"38.2\/25\/4\/38.2-2524","metadata":false},{"id":71959,"structure_id":14941,"section_number":"38.2-2525","catch_line":"Agents licenses required","url":"\/38.2-2525\/","token":"38.2\/25\/4\/38.2-2525","metadata":false}],"previous_section":{"id":57007,"structure_id":14941,"section_number":"38.2-2521","catch_line":"Notice of assessment; how given","url":"\/38.2-2521\/","token":"38.2\/25\/4\/38.2-2521","metadata":false},"next_section":{"id":76397,"structure_id":14941,"section_number":"38.2-2523","catch_line":"Notice of loss and adjustment","url":"\/38.2-2523\/","token":"38.2\/25\/4\/38.2-2523","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-2522\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1952, chapter 317; in 1986, chapter 562.<\/p>","references":[{"id":73136,"section_number":"38.2-2513","catch_line":"Withdrawal and exclusion of members","order_by":null,"url":"\/38.2-2513\/"}],"refers_to":false,"permalink":{"id":213909,"object_type":"law","relational_id":66285,"identifier":"38.2-2522","token":"38.2\/25\/4\/38.2-2522","url":"\/38.2-2522\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-2522\/","token":"38.2\/25\/4\/38.2-2522","dublin_core":{"Title":"Action to recover assessments; penalty","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-2522","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Within twelve months after an assessment becomes due, a <span class=\"dictionary\">mutual assessment property and casualty insurer<\/span> may institute suit against any member to recover any assessment that the member fails to pay. The insurer shall be entitled to recover (i) the amount shown to be due, (ii) lawful interest, and (iii) fifty percent of the principal amount as liquidated <span class=\"dictionary\">damages<\/span> for neglect or refusal to pay within the time required.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nACTION TO RECOVER ASSESSMENTS; PENALTY (\u00a7 38.2-2522)\n\nWithin twelve months after an assessment becomes due, a mutual assessment\nproperty and casualty insurer may institute suit against any member to recover\nany assessment that the member fails to pay. The insurer shall be entitled to\nrecover (i) the amount shown to be due, (ii) lawful interest, and (iii) fifty\npercent of the principal amount as liquidated damages for neglect or refusal to\npay within the time required.\n\nHISTORY: Code 1950, \u00a7 38-536; 1952, c. 317, \u00a7 38.1-685; 1986, c. 562.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}