                                 CODE OF VIRGINIA

WITHDRAWAL AND EXCLUSION OF MEMBERS (§ 38.2-2513)

A. Any member of a mutual assessment property and casualty insurer may withdraw
as a member at any time by giving at least thirty days&#8217; written notice to
the insurer and paying his share of all losses against the insurer that have
occurred prior to the member&#8217;s withdrawal and which have not been fully
reserved or for which surplus is inadequate. Upon this withdrawal the member
shall be paid by the insurer any unearned premium, unearned fee or unearned
assessment paid in advance.

B. Any member who neglects or refuses to pay an assessment or premium when due
may be excluded from membership for that or any other reason satisfactory to a
majority of the directors or the executive committee, or as the bylaws
prescribe. The member shall remain liable for the payment of any assessments
made for losses that have occurred prior to his exclusion, and also for the
amounts provided for in &#xA7; 38.2-2522, if action is instituted within twelve
months after the time the assessments become due.

HISTORY: Code 1950, §§ 38-527, 38-537; 1952, c. 317, §§ 38.1-669.1,
38.1-670; 1986, c. 562.