                                 CODE OF VIRGINIA

COMPANIES GOING OUT OF BUSINESS (§ 38.2-412)

If a company goes out of business or ceases to be a company in this Commonwealth
in any assessable or license year, the company shall remain liable for the
payment of the assessment measured by direct gross premium income for the period
in which it operated as a company and received or derived direct gross premium
income from business in this Commonwealth.

HISTORY: 1977, c. 317, § 38.1-48.7; 1986, c. 562.