                                 CODE OF VIRGINIA

PREMIUMS ON SUCH BONDS (§ 2.2-2810)

The Comptroller may pay out of the state treasury the premiums on the surety
bonds of all state officials who are required to be bonded, for a period of more
than one year when a discount for advanced payment of the premiums may be
obtained under the rates, and regulations adopted by the State Corporation
Commission according to law.
		If any such surety bond is cancelled prior to its expiration, the portion of
the premium to be returned shall be calculated on the basis of the regular
annual rate of premiums for the duration of the bond as such refunds are
prescribed by the rates, and regulations adopted by the State Corporation
Commission according to law.

HISTORY: Code 1950, § 2-8; 1966, c. 677, § 2.1-12; 2001, c. 844.