Establishment and Operation of the Association | Midpage

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Code of Virginia

Article 1

Establishment and Operation of the Association

38.2-1600Purpose 38.2-1601Application 38.2-1602Liberal construction 38.2-1603Definitions 38.2-1604Association created; members; divided into three accounts 38.2-1605Board of directors 38.2-1606Duties and powers of Association 38.2-1607Plan of operation 38.2-1608Duties and powers of Commission; judicial review 38.2-1609Insured's rights and liabilities; settlements binding on receiver or liquidator; priority of claims; statements to be filed with receiver or liquidator 38.2-1610Exhaustion of remedies under policy; claims recoverable from more than one association 38.2-1611Aids in detection and prevention of insurer insolvencies 38.2-1611.1Tax write-offs of certificates of contribution 38.2-1612Examination and regulation of Association by Commission; annual financial report 38.2-1613Exemption from payment of fees and taxes 38.2-1615No liability for action taken in good faith 38.2-1616Stay of proceedings against insolvent insurer; setting aside judgment, etc.; access to records 38.2-1617Termination of operation of Association; expiration of chapter