                                 CODE OF VIRGINIA

PARTICIPATION IN ASSOCIATION BY INSURERS (§ 38.2-2808)

Each insurer that is a member of the association shall participate in the
temporary contributions to finance the operation of the association in the
proportion that the net direct premiums written by each member during the
preceding calendar year bears to the aggregate net direct premiums written in
this Commonwealth by all members of the association. However, the net direct
premiums written by each member shall exclude that portion of premiums
attributable to the operation of the association. Each insurer&#8217;s
participation in the association shall be determined annually on the basis of
such premiums written during the preceding calendar year in the manner set forth
in the plan of operation.

HISTORY: 1976, c. 85, § 38.1-782; 1986, c. 562.