                                 CODE OF VIRGINIA

TIME LIMIT FOR ASSESSMENT (§ 38.2-1227)

Every subscriber of a domestic reciprocal having contingent assessment liability
shall be liable for and shall pay his share of any assessment computed in
accordance with this article if, while the policy is in force or within one year
after its termination, the subscriber is notified (i) by the attorney of his
intention to levy the assessment or (ii) that delinquency proceedings have been
commenced against the reciprocal under the provisions of Chapter 15 of this
title, and the Commission or receiver intends to levy an assessment.

HISTORY: 1952, c. 317, § 38.1-715; 1986, c. 562.