{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-2903.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-2903.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-2903.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-2903.html"}],"law_id":54353,"edition_id":1,"section_id":54353,"structure_id":13381,"section_number":"38.2-2903","catch_line":"Directors","history":"1988, cc. 769, 783; 2014, c. 198.","full_text":"A\n\nThe Association shall be governed by a board of 11 directors, including one who shall be elected chairman. Two directors shall be appointed by each of the following three insurance industry trade associations: (i) the American Insurance Association; (ii) the Property Casualty Insurers Association of America; and (iii) the National Association of Mutual Insurance Companies. One director shall be appointed by each of the following two insurance agents’ trade associations: (a) the Independent Insurance Agents of Virginia and (b) the Professional Insurance Agents Association of Virginia and the District of Columbia. The Commission shall appoint three directors not affiliated with the aforementioned trade associations. If, for any reason, any of the trade associations fail to appoint a director or directors within a reasonable period of time, the Commission shall have the power to make the appointment.B\n\nAll board members, including the chairman, shall be appointed to serve for two-year terms beginning on a date designated by the plan.C\n\nSix directors shall constitute a quorum for the transaction of any business or exercise of any power of the Association. The directors of the Association shall act by vote of a majority of those present. The directors shall serve without salary, but each director shall be reimbursed for actual and necessary expenses incurred in the performance of his or her official duties as a director of the Association.","order_by":null,"text":{"0":{"id":199558,"text":"The Association shall be governed by a board of 11 directors, including one who shall be elected chairman. Two directors shall be appointed by each of the following three insurance industry trade associations: (i) the American Insurance Association; (ii) the Property Casualty Insurers Association of America; and (iii) the National Association of Mutual Insurance Companies. One director shall be appointed by each of the following two insurance agents’ trade associations: (a) the Independent Insurance Agents of Virginia and (b) the Professional Insurance Agents Association of Virginia and the District of Columbia. The Commission shall appoint three directors not affiliated with the aforementioned trade associations. If, for any reason, any of the trade associations fail to appoint a director or directors within a reasonable period of time, the Commission shall have the power to make the appointment.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":199559,"text":"All board members, including the chairman, shall be appointed to serve for two-year terms beginning on a date designated by the plan.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":199560,"text":"Six directors shall constitute a quorum for the transaction of any business or exercise of any power of the Association. The directors of the Association shall act by vote of a majority of those present. The directors shall serve without salary, but each director shall be reimbursed for actual and necessary expenses incurred in the performance of his or her official duties as a director of the Association.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-2903\/","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. It has been modified 1 time. 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. That modification is as follows: in 2014, chapter 198<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":214159,"object_type":"law","relational_id":54353,"identifier":"38.2-2903","token":"38.2\/29\/38.2-2903","url":"\/38.2-2903\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-2903\/","token":"38.2\/29\/38.2-2903","dublin_core":{"Title":"Directors","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-2903","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Association<\/span> shall be governed by a board of 11 directors, including one who shall be elected chairman. Two directors shall be appointed by each of the following three insurance<\/span> industry trade associations<\/span>: (i) the American Insurance<\/span> Association<\/span>; (ii) the Property Casualty Insurers<\/span> Association<\/span> of America; and (iii) the National Association<\/span> of Mutual Insurance<\/span> Companies. One director shall be appointed by each of the following two insurance<\/span> agents’ trade associations<\/span>: (a) the Independent Insurance<\/span> Agents of Virginia and (b) the Professional Insurance<\/span> Agents Association<\/span> of Virginia and the District of Columbia. The Commission<\/span> shall appoint three directors not affiliated with the aforementioned trade associations<\/span>. If, for any reason, any of the trade associations<\/span> fail to appoint a director or directors within a reasonable period of time, the Commission<\/span> shall have the power to make the appointment. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> All board members, including the chairman, shall be appointed to serve for two-year terms beginning on a date designated by the plan. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Six directors shall constitute a quorum for the transaction of any business or exercise of any power of the Association<\/span>. The directors of the Association<\/span> shall act by vote of a majority of those present. The directors shall serve without salary, but each director shall be reimbursed for actual and necessary expenses incurred in the performance of his or her official duties as a director of the Association<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDIRECTORS (\u00a7 38.2-2903)\n\nA. The Association shall be governed by a board of 11 directors, including one\nwho shall be elected chairman. Two directors shall be appointed by each of the\nfollowing three insurance industry trade associations: (i) the American\nInsurance Association; (ii) the Property Casualty Insurers Association of\nAmerica; and (iii) the National Association of Mutual Insurance Companies. One\ndirector shall be appointed by each of the following two insurance agents’\ntrade associations: (a) the Independent Insurance Agents of Virginia and (b) the\nProfessional Insurance Agents Association of Virginia and the District of\nColumbia. The Commission shall appoint three directors not affiliated with the\naforementioned trade associations. If, for any reason, any of the trade\nassociations fail to appoint a director or directors within a reasonable period\nof time, the Commission shall have the power to make the appointment.\n\nB. All board members, including the chairman, shall be appointed to serve for\ntwo-year terms beginning on a date designated by the plan.\n\nC. Six directors shall constitute a quorum for the transaction of any business\nor exercise of any power of the Association. The directors of the Association\nshall act by vote of a majority of those present. The directors shall serve\nwithout salary, but each director shall be reimbursed for actual and necessary\nexpenses incurred in the performance of his or her official duties as a director\nof the Association.\n\nHISTORY: 1988, cc. 769, 783; 2014, c. 198.","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}}