{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-415.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-415.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-415.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-415.html"}],"law_id":61655,"edition_id":1,"section_id":61655,"structure_id":15198,"section_number":"38.2-415","catch_line":"Assessment to fund program to reduce losses from insurance fraud","history":"1998, c. 590; 1999, c. 483; 2000, c. 526.","full_text":"A\n\nEach licensed insurer doing business in the Commonwealth by writing any type of insurance as defined in §§ 38.2-110 through 38.2-122.2 and 38.2-124 through 38.2-132 shall pay, in addition to any other assessments provided in this title, an assessment in an amount equal to 0.05 of one percent of the direct gross premium income during the preceding calendar year. The assessment shall be apportioned and assessed and paid as prescribed by § 38.2-403. The Commission shall be reimbursed from the fund for all necessary expenses for the administration of this section.B\n\nThe assessments made by the Commission under subsection A and paid into the state treasury shall be deposited to a special fund designated “Virginia State Police, Insurance Fraud,” and out of such special fund and the unexpended balance thereof shall be appropriated the sums necessary for accomplishing the powers and duties assigned to the Virginia State Police under Chapter 9 (§ 52-36 et seq.) of Title 52. All interest earned from the deposit of moneys accumulated in the Fund shall be deposited in the Fund for the same use.C\n\nThe moneys deposited in the Fund shall not be considered general revenue of the Commonwealth but shall be used only to (i) effectuate the purposes enumerated in Chapter 9 (§ 52-36 et seq.) of Title 52 and (ii) reimburse the Commission for its necessary expenses for the administration of this section. The Fund shall be subject to audit by the Auditor of Public Accounts.D\n\nIn the event that the Insurance Fraud Investigation Unit is dissolved by operation of law or otherwise, any balance remaining in the Fund, after deducting administrative costs associated with the dissolution, shall be returned to insurers in proportion to their financial contributions to the Fund in the preceding calendar year.","order_by":null,"text":{"0":{"id":225115,"text":"Each licensed insurer doing business in the Commonwealth by writing any type of insurance as defined in §§ 38.2-110 through 38.2-122.2 and 38.2-124 through 38.2-132 shall pay, in addition to any other assessments provided in this title, an assessment in an amount equal to 0.05 of one percent of the direct gross premium income during the preceding calendar year. The assessment shall be apportioned and assessed and paid as prescribed by § 38.2-403. The Commission shall be reimbursed from the fund for all necessary expenses for the administration of this section.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":225116,"text":"The assessments made by the Commission under subsection A and paid into the state treasury shall be deposited to a special fund designated “Virginia State Police, Insurance Fraud,” and out of such special fund and the unexpended balance thereof shall be appropriated the sums necessary for accomplishing the powers and duties assigned to the Virginia State Police under Chapter 9 (§ 52-36 et seq.) of Title 52. All interest earned from the deposit of moneys accumulated in the Fund shall be deposited in the Fund for the same use.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":225117,"text":"The moneys deposited in the Fund shall not be considered general revenue of the Commonwealth but shall be used only to (i) effectuate the purposes enumerated in Chapter 9 (§ 52-36 et seq.) of Title 52 and (ii) reimburse the Commission for its necessary expenses for the administration of this section. The Fund shall be subject to audit by the Auditor of Public Accounts.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":225118,"text":"In the event that the Insurance Fraud Investigation Unit is dissolved by operation of law or otherwise, any balance remaining in the Fund, after deducting administrative costs associated with the dissolution, shall be returned to insurers in proportion to their financial contributions to the Fund in the preceding calendar year.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":15198,"edition_id":1,"name":"Assessment for Administration of Insurance Laws and Declarations of Estimated Assessments by Insurers","identifier":"4","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:52:54","date_modified":"2026-06-26 03:52:54","permalink":{"id":216339,"object_type":"structure","relational_id":15198,"identifier":"4","token":"38.2\/4","url":"\/38.2\/4\/","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":57860,"structure_id":15198,"section_number":"38.2-400","catch_line":"Expense of administration of insurance laws borne by licensees; minimum contribution","url":"\/38.2-400\/","token":"38.2\/4\/38.2-400","metadata":false},{"id":76092,"structure_id":15198,"section_number":"38.2-401","catch_line":"(Effective July 1, 2026) Fire Programs Fund","url":"\/38.2-401\/","token":"38.2\/4\/38.2-401","metadata":false},{"id":64176,"structure_id":15198,"section_number":"38.2-401.1","catch_line":"Dam Safety, Flood Prevention and Protection Assistance Fund assessment","url":"\/38.2-401.1\/","token":"38.2\/4\/38.2-401.1","metadata":false},{"id":77505,"structure_id":15198,"section_number":"38.2-402","catch_line":"Definitions","url":"\/38.2-402\/","token":"38.2\/4\/38.2-402","metadata":false},{"id":65532,"structure_id":15198,"section_number":"38.2-403","catch_line":"Assessment for expenses","url":"\/38.2-403\/","token":"38.2\/4\/38.2-403","metadata":false},{"id":75388,"structure_id":15198,"section_number":"38.2-403.1","catch_line":"Omitted assessments","url":"\/38.2-403.1\/","token":"38.2\/4\/38.2-403.1","metadata":false},{"id":59580,"structure_id":15198,"section_number":"38.2-404","catch_line":"Recovery of such assessments; revocation or suspension of license","url":"\/38.2-404\/","token":"38.2\/4\/38.2-404","metadata":false},{"id":73951,"structure_id":15198,"section_number":"38.2-405","catch_line":"Application for correction of assessment","url":"\/38.2-405\/","token":"38.2\/4\/38.2-405","metadata":false},{"id":69572,"structure_id":15198,"section_number":"38.2-406","catch_line":"Report of gross premium income","url":"\/38.2-406\/","token":"38.2\/4\/38.2-406","metadata":false},{"id":76137,"structure_id":15198,"section_number":"38.2-407","catch_line":"Repealed","url":"\/38.2-407\/","token":"38.2\/4\/38.2-407","metadata":false},{"id":79634,"structure_id":15198,"section_number":"38.2-412","catch_line":"Companies going out of business","url":"\/38.2-412\/","token":"38.2\/4\/38.2-412","metadata":false},{"id":80377,"structure_id":15198,"section_number":"38.2-413","catch_line":"Double assessment respecting same direct gross premium income negated","url":"\/38.2-413\/","token":"38.2\/4\/38.2-413","metadata":false},{"id":66062,"structure_id":15198,"section_number":"38.2-414","catch_line":"Assessments to fund program to reduce losses from motor vehicle thefts","url":"\/38.2-414\/","token":"38.2\/4\/38.2-414","metadata":false},{"id":61655,"structure_id":15198,"section_number":"38.2-415","catch_line":"Assessment to fund program to reduce losses from insurance fraud","url":"\/38.2-415\/","token":"38.2\/4\/38.2-415","metadata":false}],"previous_section":{"id":66062,"structure_id":15198,"section_number":"38.2-414","catch_line":"Assessments to fund program to reduce losses from motor vehicle thefts","url":"\/38.2-414\/","token":"38.2\/4\/38.2-414","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-415\/","history_text":"

This law was first created in 1998. The record of its establishment is cataloged in chapter 590<\/a> 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. 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 1999, chapter 483<\/a>; in 2000, chapter 526<\/a>.<\/p>","references":[{"id":87222,"section_number":"58.1-2508","catch_line":"Taxes applicable to insurance companies","order_by":null,"url":"\/58.1-2508\/"}],"refers_to":[{"id":56505,"section_number":"38.2-110","catch_line":"Fire","order_by":null,"url":"\/38.2-110\/"},{"id":69580,"section_number":"38.2-122.2","catch_line":"Credit property insurance","order_by":null,"url":"\/38.2-122.2\/"},{"id":66976,"section_number":"38.2-124","catch_line":"Motor vehicle","order_by":null,"url":"\/38.2-124\/"},{"id":60601,"section_number":"38.2-132","catch_line":"Commercial multi-peril insurance","order_by":null,"url":"\/38.2-132\/"},{"id":65532,"section_number":"38.2-403","catch_line":"Assessment for expenses","order_by":null,"url":"\/38.2-403\/"},{"id":64445,"section_number":"52-36","catch_line":"Definitions","order_by":null,"url":"\/52-36\/"}],"permalink":{"id":216393,"object_type":"law","relational_id":61655,"identifier":"38.2-415","token":"38.2\/4\/38.2-415","url":"\/38.2-415\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-415\/","token":"38.2\/4\/38.2-415","dublin_core":{"Title":"Assessment to fund program to reduce losses from insurance fraud","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-415","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Each licensed insurer<\/span> doing business in the Commonwealth by writing any type of insurance<\/span> as defined in §§ 38.2-110<\/a> through 38.2-122.2<\/a> and 38.2-124<\/a> through 38.2-132<\/a> shall pay, in addition to any other assessments provided in this title, an assessment in an amount equal to 0.05 of one percent of the direct gross premium income<\/span> during the preceding calendar year. The assessment shall be apportioned and assessed and paid as prescribed by § 38.2-403<\/a>. The Commission<\/span> shall be reimbursed from the fund for all necessary expenses for the administration of this section. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The assessments made by the Commission<\/span> under subsection A and paid into the state<\/span> treasury shall be deposited to a special fund designated “Virginia State<\/span> Police, Insurance<\/span> Fraud<\/span>,” and out of such special fund and the unexpended balance thereof shall be appropriated the sums necessary for accomplishing the powers and duties assigned to the Virginia State<\/span> Police under Chapter 9 (§ 52-36<\/a> et seq.) of Title 52. All interest earned from the deposit of moneys accumulated in the Fund shall be deposited in the Fund for the same use. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The moneys deposited in the Fund shall not be considered general revenue of the Commonwealth but shall be used only to (i) effectuate the purposes enumerated in Chapter 9 (§ 52-36<\/a> et seq.) of Title 52 and (ii) reimburse the Commission<\/span> for its necessary expenses for the administration of this section. The Fund shall be subject to audit by the Auditor of Public Accounts. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> In the event that the Insurance<\/span> Fraud<\/span> Investigation Unit is dissolved by operation of law<\/span> or otherwise, any balance remaining in the Fund, after deducting administrative costs associated with the dissolution, shall be returned to insurers<\/span> in proportion to their financial contributions to the Fund in the preceding calendar year. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nASSESSMENT TO FUND PROGRAM TO REDUCE LOSSES FROM INSURANCE FRAUD (\u00a7 38.2-415)\n\nA. Each licensed insurer doing business in the Commonwealth by writing any type\nof insurance as defined in §§ 38.2-110 through 38.2-122.2 and 38.2-124\nthrough 38.2-132 shall pay, in addition to any other assessments provided in\nthis title, an assessment in an amount equal to 0.05 of one percent of the\ndirect gross premium income during the preceding calendar year. The assessment\nshall be apportioned and assessed and paid as prescribed by § 38.2-403. The\nCommission shall be reimbursed from the fund for all necessary expenses for the\nadministration of this section.\n\nB. The assessments made by the Commission under subsection A and paid into the\nstate treasury shall be deposited to a special fund designated “Virginia\nState Police, Insurance Fraud,” and out of such special fund and the\nunexpended balance thereof shall be appropriated the sums necessary for\naccomplishing the powers and duties assigned to the Virginia State Police under\nChapter 9 (§ 52-36 et seq.) of Title 52. All interest earned from the\ndeposit of moneys accumulated in the Fund shall be deposited in the Fund for the\nsame use.\n\nC. The moneys deposited in the Fund shall not be considered general revenue of\nthe Commonwealth but shall be used only to (i) effectuate the purposes\nenumerated in Chapter 9 (§ 52-36 et seq.) of Title 52 and (ii) reimburse\nthe Commission for its necessary expenses for the administration of this\nsection. The Fund shall be subject to audit by the Auditor of Public Accounts.\n\nD. In the event that the Insurance Fraud Investigation Unit is dissolved by\noperation of law or otherwise, any balance remaining in the Fund, after\ndeducting administrative costs associated with the dissolution, shall be\nreturned to insurers in proportion to their financial contributions to the Fund\nin the preceding calendar year.\n\nHISTORY: 1998, c. 590; 1999, c. 483; 2000, c. 526.","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}}