                                 CODE OF VIRGINIA

MAXIMUM RISK (§ 38.2-4607)

On and after July 1, 1952, no company transacting title insurance in this
Commonwealth shall assume a single risk in an amount in excess of fifty percent
of the aggregate amount of its total capital and surplus and its reserves other
than its loss or claim reserves. As used in this section, &#8220;a single
risk&#8221; means the risk or hazard attaching to or arising in connection with
any one piece or parcel of property, whether or not the policy insures other
property. Any risk, or portion of any risk, that has been reinsured as
authorized in this title shall be deducted in determining the limitation of risk
prescribed in this section.

HISTORY: Code 1950, § 38-167; 1952, c. 317, § 38.1-727; 1986, c. 562.