                                 CODE OF VIRGINIA

RIGHT TO LIMIT ASSESSMENT LIABILITY (§ 38.2-2520)

Any mutual assessment property and casualty insurer having a surplus to
policyholders equal to at least 3 times the average annual losses and expenses
of the insurer during the last 5-year period or a surplus to policyholders of at
least $800,000 may limit the assessment liability of members. The liability of
members for assessment may be limited during any one year to an amount not less
than one additional current annual assessment.

HISTORY: 1952, c. 317, § 38.1-683.1; 1986, c. 562.