Virginia Statutes
§ 38.2-1600 — Purpose
Virginia § 38.2-1600
JurisdictionVirginia
Title 38.2INSURANCE
Ch. 16VIRGINIA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION
Art. 1ESTABLISHMENT AND OPERATION OF THE ASSOCIATION
This text of Virginia § 38.2-1600 (Purpose) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 38.2-1600 (2026).
Text
The purpose of this chapter is to establish an association that shall provide prompt payment of covered claims to reduce financial loss to claimants or policyholders resulting from the insolvency of an insurer. This association shall assist in the detection and prevention of insurer insolvencies and shall apportion the cost of this protection among insurers.
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Legislative History
1970, c. 766, § 38.1-757; 1986, c. 562.
Nearby Sections
15
§ 38.2-100
Definitions§ 38.2-1000
Incorporation of domestic stock insurers§ 38.2-1001
Incorporation of domestic mutual insurers§ 38.2-1004
Voting§ 38.2-1005
Certain mutual companies and societies not to become stock companies without approval of Commission§ 38.2-1005.1:1
Definitions§ 38.2-1005.1:10
Conflicts of interest§ 38.2-1005.1:11
Costs and expenses§ 38.2-1005.1:12
Failure to give notice§ 38.2-1005.1:13
Limitation on actionsCite This Page — Counsel Stack
Bluebook (online)
Virginia § 38.2-1600, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/38.2-1600.