{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-2802.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-2802.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-2802.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-2802.html"}],"law_id":72714,"edition_id":1,"section_id":72714,"structure_id":16350,"section_number":"38.2-2802","catch_line":"Dissolution","history":"1980, c. 286, \u00a7 38.1-776.1; 1986, c. 562; 1987, c. 554.","full_text":"A\n\nWhen the association has ceased all of its underwriting operations by order of the Commission under subsection C of \u00a7 38.2-2801, it shall be subject during its continued existence to the following:1\n\nThe association shall remain in existence for the sole purpose of completing its orderly dissolution;2\n\nThe association shall refund to all of its members all preliminary assessments contributions and other funds paid to the association that have not been reimbursed prior to dissolution; and3\n\nThe board of the association shall satisfy and discharge its obligations and, subject to the approval of the Commission, shall have authority to do all other acts required to conclude its business affairs, including but not limited to, transfer of policies in force to approved carriers.B\n\nWhen the Commission finds the association has met its obligations incident to termination of its business affairs, the Commission shall by order issue a certificate of dissolution and the existence of the association shall cease.","order_by":null,"text":{"0":{"id":261719,"text":"When the association has ceased all of its underwriting operations by order of the Commission under subsection C of \u00a7 38.2-2801, it shall be subject during its continued existence to the following:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":261720,"text":"The association shall remain in existence for the sole purpose of completing its orderly dissolution;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":261721,"text":"The association shall refund to all of its members all preliminary assessments contributions and other funds paid to the association that have not been reimbursed prior to dissolution; and","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":261722,"text":"The board of the association shall satisfy and discharge its obligations and, subject to the approval of the Commission, shall have authority to do all other acts required to conclude its business affairs, including but not limited to, transfer of policies in force to approved carriers.","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"B"},"4":{"id":261723,"text":"When the Commission finds the association has met its obligations incident to termination of its business affairs, the Commission shall by order issue a certificate of dissolution and the existence of the association shall cease.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A3"}},"ancestry":[{"id":16350,"edition_id":1,"name":"Medical Malpractice Joint Underwriting Association","identifier":"28","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 04:14:45","date_modified":"2026-06-26 04:14:45","permalink":{"id":214079,"object_type":"structure","relational_id":16350,"identifier":"28","token":"38.2\/28","url":"\/38.2\/28\/","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":87324,"structure_id":16350,"section_number":"38.2-2800","catch_line":"Definitions","url":"\/38.2-2800\/","token":"38.2\/28\/38.2-2800","metadata":false},{"id":76688,"structure_id":16350,"section_number":"38.2-2801","catch_line":"Association activation; members; purpose; determinations by Commission; powers of association","url":"\/38.2-2801\/","token":"38.2\/28\/38.2-2801","metadata":false},{"id":72714,"structure_id":16350,"section_number":"38.2-2802","catch_line":"Dissolution","url":"\/38.2-2802\/","token":"38.2\/28\/38.2-2802","metadata":false},{"id":71399,"structure_id":16350,"section_number":"38.2-2803","catch_line":"Directors","url":"\/38.2-2803\/","token":"38.2\/28\/38.2-2803","metadata":false},{"id":68647,"structure_id":16350,"section_number":"38.2-2804","catch_line":"Plan of operation","url":"\/38.2-2804\/","token":"38.2\/28\/38.2-2804","metadata":false},{"id":86913,"structure_id":16350,"section_number":"38.2-2805","catch_line":"Medical and hospital advisory committees","url":"\/38.2-2805\/","token":"38.2\/28\/38.2-2805","metadata":false},{"id":71882,"structure_id":16350,"section_number":"38.2-2806","catch_line":"Policy forms; applicants to be issued policies; cancellation of policies; rates; examination of business of association","url":"\/38.2-2806\/","token":"38.2\/28\/38.2-2806","metadata":false},{"id":82755,"structure_id":16350,"section_number":"38.2-2807","catch_line":"Stabilization reserve fund","url":"\/38.2-2807\/","token":"38.2\/28\/38.2-2807","metadata":false},{"id":84923,"structure_id":16350,"section_number":"38.2-2808","catch_line":"Participation in association by insurers","url":"\/38.2-2808\/","token":"38.2\/28\/38.2-2808","metadata":false},{"id":85338,"structure_id":16350,"section_number":"38.2-2809","catch_line":"Review of actions or decisions of association","url":"\/38.2-2809\/","token":"38.2\/28\/38.2-2809","metadata":false},{"id":77634,"structure_id":16350,"section_number":"38.2-2810","catch_line":"Annual statements","url":"\/38.2-2810\/","token":"38.2\/28\/38.2-2810","metadata":false},{"id":73090,"structure_id":16350,"section_number":"38.2-2811","catch_line":"Examination into affairs of association","url":"\/38.2-2811\/","token":"38.2\/28\/38.2-2811","metadata":false},{"id":67125,"structure_id":16350,"section_number":"38.2-2812","catch_line":"Public officers or employees","url":"\/38.2-2812\/","token":"38.2\/28\/38.2-2812","metadata":false},{"id":79966,"structure_id":16350,"section_number":"38.2-2813","catch_line":"Commissions for placing and servicing risk with association","url":"\/38.2-2813\/","token":"38.2\/28\/38.2-2813","metadata":false},{"id":77408,"structure_id":16350,"section_number":"38.2-2814","catch_line":"Liability","url":"\/38.2-2814\/","token":"38.2\/28\/38.2-2814","metadata":false}],"previous_section":{"id":76688,"structure_id":16350,"section_number":"38.2-2801","catch_line":"Association activation; members; purpose; determinations by Commission; powers of association","url":"\/38.2-2801\/","token":"38.2\/28\/38.2-2801","metadata":false},"next_section":{"id":71399,"structure_id":16350,"section_number":"38.2-2803","catch_line":"Directors","url":"\/38.2-2803\/","token":"38.2\/28\/38.2-2803","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-2802\/","history_text":"

This law was first created in 1980. The record of its establishment is cataloged in chapter 286 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1980 \u201cActs\u201d aren\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 1986, chapter 562; in 1987, chapter 554.<\/p>","references":false,"refers_to":[{"id":76688,"section_number":"38.2-2801","catch_line":"Association activation; members; purpose; determinations by Commission; powers of association","order_by":null,"url":"\/38.2-2801\/"}],"permalink":{"id":214089,"object_type":"law","relational_id":72714,"identifier":"38.2-2802","token":"38.2\/28\/38.2-2802","url":"\/38.2-2802\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-2802\/","token":"38.2\/28\/38.2-2802","dublin_core":{"Title":"Dissolution","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-2802","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> When the association<\/span> has ceased all of its underwriting operations by order<\/span> of the Commission<\/span> under subsection C of \u00a7 38.2-2801<\/a>, it shall be subject during its continued existence to the following: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The association<\/span> shall remain in existence for the sole purpose of completing its orderly dissolution; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The association<\/span> shall refund to all of its members all preliminary assessments contributions and other funds paid to the association<\/span> that have not been reimbursed prior to dissolution; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> The board of the association<\/span> shall satisfy and discharge its obligations and, subject to the approval of the Commission<\/span>, shall have authority to do all other acts required to conclude its business affairs, including but not limited to, transfer of policies in force to approved carriers. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> When the Commission<\/span> finds the association<\/span> has met its obligations incident to termination of its business affairs, the Commission<\/span> shall by order<\/span> issue<\/span> a certificate of dissolution and the existence of the association<\/span> shall cease. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDISSOLUTION (\u00a7 38.2-2802)\n\nA. When the association has ceased all of its underwriting operations by order\nof the Commission under subsection C of \u00a7 38.2-2801, it shall be subject during\nits continued existence to the following:\n\n 1. The association shall remain in existence for the sole purpose of\n completing its orderly dissolution;\n\n 2. The association shall refund to all of its members all preliminary\n assessments contributions and other funds paid to the association that have\n not been reimbursed prior to dissolution; and\n\n 3. The board of the association shall satisfy and discharge its obligations\n and, subject to the approval of the Commission, shall have authority to do all\n other acts required to conclude its business affairs, including but not\n limited to, transfer of policies in force to approved carriers.\n\nB. When the Commission finds the association has met its obligations incident to\ntermination of its business affairs, the Commission shall by order issue a\ncertificate of dissolution and the existence of the association shall cease.\n\nHISTORY: 1980, c. 286, \u00a7 38.1-776.1; 1986, c. 562; 1987, c. 554.","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}}