38.2-2501 - Definitions.
§ 38.2-2501. Definitions.
As used in this chapter:
"Mutual assessment insurance" means property and casualty insurance writtenby an insurer which has a right to assess its members for contributions andwhich is licensed pursuant to this chapter.
"Mutual assessment property and casualty insurer" means a company withoutcapital stock that writes only mutual assessment insurance insuring propertylocated in or protecting against losses of members who are residents of thisCommonwealth.
(Code 1950, §§ 38-523, 38-526, 38-529; 1952, c. 317, § 38.1-659; 1954, c.161; 1960, c. 292; 1962, c. 172; 1974, c. 244; 1986, c. 562.)