                                 CODE OF VIRGINIA

GENERAL POWERS OF COMPANY; LIMITATION ON INCREASE IN RATES (§ 38.2-3805)

Each company shall make a constitution, laws or bylaws for its government, the
admission of its members, the management of its affairs and the fixing and
readjustment of the rates of contribution of its members. It may change, add to,
or amend the constitution, laws or bylaws and shall have the other powers
necessary and incidental to effect the objects and purposes of the company. It
may make refunds to its members from any surplus funds of the company, but it
may only increase rates or make extra assessments against members whose
contracts include provisions for rate increases and extra assessments.

HISTORY: Code 1950, § 38-478; 1952, c. 317, § 38.1-503; 1986, c. 562.