                                 CODE OF VIRGINIA

PARTICIPATION IN ASSOCIATION BY INSURERS (§ 38.2-2907)

Each insurer that is a member of the Association shall participate in the
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: 1988, cc. 769, 783.