{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-3917.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-3917.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-3917.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-3917.html"}],"law_id":78014,"edition_id":1,"section_id":78014,"structure_id":15739,"section_number":"38.2-3917","catch_line":"Right to limit assessment liability; when contingent assessment liability waived","history":"1985, c. 400, \u00a7 38.1-549.18; 1986, c. 562.","full_text":"Any mutual assessment life, accident and sickness insurer having a surplus to policyowners of at least $100,000 may limit the contingent assessment liability of members, or classes of members, to an amount not more than 1 additional current annual assessment. Any insurer having surplus to policyowners of at least $300,000 may issue contracts omitting the right to make contingent assessment against members if reserves for these contracts are established and maintained in the same manner as would be required by an insurer licensed pursuant to Chapter 10 (\u00a7 38.2-1000 et seq.) of this title. Contracts so issued shall be treated in all respects as nonassessment contracts.","order_by":null,"text":{"0":{"id":279704,"text":"Any mutual assessment life, accident and sickness insurer having a surplus to policyowners of at least $100,000 may limit the contingent assessment liability of members, or classes of members, to an amount not more than 1 additional current annual assessment. Any insurer having surplus to policyowners of at least $300,000 may issue contracts omitting the right to make contingent assessment against members if reserves for these contracts are established and maintained in the same manner as would be required by an insurer licensed pursuant to Chapter 10 (\u00a7 38.2-1000 et seq.) of this title. Contracts so issued shall be treated in all respects as nonassessment contracts.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15739,"edition_id":1,"name":"Insurance Transactions","identifier":"4","label":"article","depth":3,"order_by":1,"parent_id":14069,"metadata":{},"date_created":"2026-06-26 03:58:45","date_modified":"2026-06-26 03:58:45","permalink":{"id":216299,"object_type":"structure","relational_id":15739,"identifier":"4","token":"38.2\/39\/4","url":"\/38.2\/39\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14069,"edition_id":1,"name":"Mutual Assessment Life, Accident and Sickness Insurers","identifier":"39","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:46:47","date_modified":"2026-06-26 03:46:47","permalink":{"id":216231,"object_type":"structure","relational_id":14069,"identifier":"39","token":"38.2\/39","url":"\/38.2\/39\/","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":67815,"structure_id":15739,"section_number":"38.2-3915","catch_line":"Assessment contract","url":"\/38.2-3915\/","token":"38.2\/39\/4\/38.2-3915","metadata":false},{"id":73372,"structure_id":15739,"section_number":"38.2-3916","catch_line":"Classification of risks; rates","url":"\/38.2-3916\/","token":"38.2\/39\/4\/38.2-3916","metadata":false},{"id":78014,"structure_id":15739,"section_number":"38.2-3917","catch_line":"Right to limit assessment liability; when contingent assessment liability waived","url":"\/38.2-3917\/","token":"38.2\/39\/4\/38.2-3917","metadata":false},{"id":71008,"structure_id":15739,"section_number":"38.2-3918","catch_line":"Notice of assessment; how given","url":"\/38.2-3918\/","token":"38.2\/39\/4\/38.2-3918","metadata":false},{"id":60457,"structure_id":15739,"section_number":"38.2-3919","catch_line":"Agents' licenses required","url":"\/38.2-3919\/","token":"38.2\/39\/4\/38.2-3919","metadata":false}],"previous_section":{"id":73372,"structure_id":15739,"section_number":"38.2-3916","catch_line":"Classification of risks; rates","url":"\/38.2-3916\/","token":"38.2\/39\/4\/38.2-3916","metadata":false},"next_section":{"id":71008,"structure_id":15739,"section_number":"38.2-3918","catch_line":"Notice of assessment; how given","url":"\/38.2-3918\/","token":"38.2\/39\/4\/38.2-3918","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3917\/","history_text":"

This law was first created in 1985. The record of its establishment is cataloged in chapter 400 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 1985 \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 1986, chapter 562.<\/p>","references":false,"refers_to":[{"id":58285,"section_number":"38.2-1000","catch_line":"Incorporation of domestic stock insurers","order_by":null,"url":"\/38.2-1000\/"}],"permalink":{"id":216309,"object_type":"law","relational_id":78014,"identifier":"38.2-3917","token":"38.2\/39\/4\/38.2-3917","url":"\/38.2-3917\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-3917\/","token":"38.2\/39\/4\/38.2-3917","dublin_core":{"Title":"Right to limit assessment liability; when contingent assessment liability waived","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3917","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Any mutual assessment life, accident and sickness insurer<\/span> having a surplus to policyowners of at least $100,000 may limit the contingent assessment liability of members, or classes of members, to an amount not more than 1 additional current annual assessment. Any insurer having surplus to policyowners of at least $300,000 may issue<\/span> contracts<\/span> omitting the right to make contingent assessment against members if reserves for these contracts<\/span> are established and maintained in the same manner as would be required by an insurer licensed pursuant to Chapter 10 (\u00a7 38.2-1000<\/a> et seq.) of this title. Contracts<\/span> so issued shall be treated in all respects as nonassessment contracts<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nRIGHT TO LIMIT ASSESSMENT LIABILITY; WHEN CONTINGENT ASSESSMENT LIABILITY WAIVED\n(\u00a7 38.2-3917)\n\nAny mutual assessment life, accident and sickness insurer having a surplus to\npolicyowners of at least $100,000 may limit the contingent assessment liability\nof members, or classes of members, to an amount not more than 1 additional\ncurrent annual assessment. Any insurer having surplus to policyowners of at\nleast $300,000 may issue contracts omitting the right to make contingent\nassessment against members if reserves for these contracts are established and\nmaintained in the same manner as would be required by an insurer licensed\npursuant to Chapter 10 (\u00a7 38.2-1000 et seq.) of this title. Contracts so issued\nshall be treated in all respects as nonassessment contracts.\n\nHISTORY: 1985, c. 400, \u00a7 38.1-549.18; 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}}