                                 CODE OF VIRGINIA

MODIFICATION OF POWER OF ATTORNEY AND SUBSCRIBER&#8217;S AGREEMENT (§
38.2-1224)

Modification of the terms of the power of attorney and subscriber&#8217;s
agreement of a domestic reciprocal shall be made jointly by the attorney and the
subscribers&#8217; advisory committee. Any such modification shall be filed with
the attorney and the Commission and such filing shall by operation of law bind
all subscribers the same as if each subscriber individually adopted and executed
the modified, altered, or amended subscriber&#8217;s agreement and power of
attorney, and a copy of such agreement and power of attorney shall be provided
to each subscriber within ninety days of such modifications, alterations, or
amendments. No modification shall be effective retroactively, nor shall it
affect any insurance contract issued prior to the modification.

HISTORY: 1952, c. 317, § 38.1-701; 1986, c. 562; 1990, c. 10.