# Va. Code Ann. § 38.2-1227: Time limit for assessment

> Virginia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1227

## Section

- **Citation:** Va. Code Ann. § 38.2-1227
- **Heading:** Time limit for assessment
- **Jurisdiction:** Virginia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** 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.

## Nearby sections

- [Va. Code Ann. § 38.2-1219 Organization of reciprocals; what declaration to contain](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1219.md)
- [Va. Code Ann. § 38.2-1220 Attorney to file bond](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1220.md)
- [Va. Code Ann. § 38.2-1221 Deposit instead of bond](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1221.md)
- [Va. Code Ann. § 38.2-1222 Subscribers' advisory committee](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1222.md)
- [Va. Code Ann. § 38.2-1223 Subscriber's agreement and power of attorney](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1223.md)
- [Va. Code Ann. § 38.2-1224 Modification of power of attorney and subscriber's agreement](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1224.md)
- [Va. Code Ann. § 38.2-1225 Contributions](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1225.md)
- [Va. Code Ann. § 38.2-1226 Assessments](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1226.md)
- [Va. Code Ann. § 38.2-1227 Time limit for assessment](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1227.md)
- [Va. Code Ann. § 38.2-1228 Subscribers' share in assets](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1228.md)
- [Va. Code Ann. § 38.2-1229 Impaired reciprocals](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1229.md)
- [Va. Code Ann. § 38.2-1230 Material transactions](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1230.md)
- [Va. Code Ann. § 38.2-1231 Attorney's financial statement](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1231.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1227. Check the current official text before relying on it. Not legal advice.