Time limit for assessment
VirginiaStatutes
Ask Donna
How this section applies to your facts.
Virginia Code › Title 38.2 › Chapter 12 › Article 2 › Section 38.2-1227
Text
Every subscriber of a domestic reciprocal having contingent assessment liability shall be liable for and shall pay his share of any assessment computed in accordance with this article if, while the policy is in force or within one year after its termination, the subscriber is notified (i) by the attorney of his intention to levy the assessment or (ii) that delinquency proceedings have been commenced against the reciprocal under the provisions of Chapter 15 of this title, and the Commission or receiver intends to levy an assessment.
1952, c. 317, § 38.1-715; 1986, c. 562.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.