{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-2902.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-2902.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-2902.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-2902.html"}],"law_id":74095,"edition_id":1,"section_id":74095,"structure_id":13381,"section_number":"38.2-2902","catch_line":"Dissolution","history":"1988, cc. 769, 783.","full_text":"A\n\nWhen the Association has ceased all of its underwriting operations by order of the Commission under subdivision 2 of subsection C of \u00a7 38.2-2901, 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.3\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":266472,"text":"When the Association has ceased all of its underwriting operations by order of the Commission under subdivision 2 of subsection C of \u00a7 38.2-2901, 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":266473,"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":266474,"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.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":266475,"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":266476,"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":13381,"edition_id":1,"name":"Commercial Liability Insurance Joint Underwriting Association","identifier":"29","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:44:45","date_modified":"2026-06-26 03:44:45","permalink":{"id":214141,"object_type":"structure","relational_id":13381,"identifier":"29","token":"38.2\/29","url":"\/38.2\/29\/","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":67887,"structure_id":13381,"section_number":"38.2-2900","catch_line":"Definitions","url":"\/38.2-2900\/","token":"38.2\/29\/38.2-2900","metadata":false},{"id":86890,"structure_id":13381,"section_number":"38.2-2900.1","catch_line":"Market assistance plan","url":"\/38.2-2900.1\/","token":"38.2\/29\/38.2-2900.1","metadata":false},{"id":65411,"structure_id":13381,"section_number":"38.2-2901","catch_line":"Association activation; members; purpose; determinations by Commission; powers of Association","url":"\/38.2-2901\/","token":"38.2\/29\/38.2-2901","metadata":false},{"id":74095,"structure_id":13381,"section_number":"38.2-2902","catch_line":"Dissolution","url":"\/38.2-2902\/","token":"38.2\/29\/38.2-2902","metadata":false},{"id":54353,"structure_id":13381,"section_number":"38.2-2903","catch_line":"Directors","url":"\/38.2-2903\/","token":"38.2\/29\/38.2-2903","metadata":false},{"id":62519,"structure_id":13381,"section_number":"38.2-2904","catch_line":"Plan of operation","url":"\/38.2-2904\/","token":"38.2\/29\/38.2-2904","metadata":false},{"id":56099,"structure_id":13381,"section_number":"38.2-2905","catch_line":"Policy forms; applicants to be issued policies; cancellation of policies; rates; group retrospective rating plan; examination of business of Association","url":"\/38.2-2905\/","token":"38.2\/29\/38.2-2905","metadata":false},{"id":69954,"structure_id":13381,"section_number":"38.2-2906","catch_line":"Stabilization reserve fund","url":"\/38.2-2906\/","token":"38.2\/29\/38.2-2906","metadata":false},{"id":64097,"structure_id":13381,"section_number":"38.2-2907","catch_line":"Participation in Association by insurers","url":"\/38.2-2907\/","token":"38.2\/29\/38.2-2907","metadata":false},{"id":69170,"structure_id":13381,"section_number":"38.2-2908","catch_line":"Review of actions or decisions of Association","url":"\/38.2-2908\/","token":"38.2\/29\/38.2-2908","metadata":false},{"id":66449,"structure_id":13381,"section_number":"38.2-2909","catch_line":"Annual statements","url":"\/38.2-2909\/","token":"38.2\/29\/38.2-2909","metadata":false},{"id":56213,"structure_id":13381,"section_number":"38.2-2910","catch_line":"Annual examination into affairs of Association","url":"\/38.2-2910\/","token":"38.2\/29\/38.2-2910","metadata":false},{"id":56451,"structure_id":13381,"section_number":"38.2-2911","catch_line":"Public officers or employees","url":"\/38.2-2911\/","token":"38.2\/29\/38.2-2911","metadata":false},{"id":77816,"structure_id":13381,"section_number":"38.2-2912","catch_line":"Commissions for placing and servicing risk with Association","url":"\/38.2-2912\/","token":"38.2\/29\/38.2-2912","metadata":false},{"id":76792,"structure_id":13381,"section_number":"38.2-2913","catch_line":"Liability","url":"\/38.2-2913\/","token":"38.2\/29\/38.2-2913","metadata":false}],"previous_section":{"id":65411,"structure_id":13381,"section_number":"38.2-2901","catch_line":"Association activation; members; purpose; determinations by Commission; powers of Association","url":"\/38.2-2901\/","token":"38.2\/29\/38.2-2901","metadata":false},"next_section":{"id":54353,"structure_id":13381,"section_number":"38.2-2903","catch_line":"Directors","url":"\/38.2-2903\/","token":"38.2\/29\/38.2-2903","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-2902\/","history_text":"

This law was first created in 1988. The record of its establishment is cataloged in chapters 769 and 783 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 1988 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":[{"id":65411,"section_number":"38.2-2901","catch_line":"Association activation; members; purpose; determinations by Commission; powers of Association","order_by":null,"url":"\/38.2-2901\/"}],"permalink":{"id":214155,"object_type":"law","relational_id":74095,"identifier":"38.2-2902","token":"38.2\/29\/38.2-2902","url":"\/38.2-2902\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-2902\/","token":"38.2\/29\/38.2-2902","dublin_core":{"Title":"Dissolution","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-2902","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 subdivision 2 of subsection C of \u00a7 38.2-2901<\/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. <\/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 38.2-2902)\n\nA. When the Association has ceased all of its underwriting operations by order\nof the Commission under subdivision 2 of subsection C of \u00a7 38.2-2901, it shall\nbe subject during its 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.\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: 1988, cc. 769, 783.","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}}