Virginia Statutes
§ 38.2-1605 — Board of directors
Virginia § 38.2-1605
JurisdictionVirginia
Title 38.2INSURANCE
Ch. 16VIRGINIA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION
Art. 1ESTABLISHMENT AND OPERATION OF THE ASSOCIATION
This text of Virginia § 38.2-1605 (Board of directors) 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. § 38.2-1605 (2026).
Text
A.The board of directors of the Association shall consist of at least five but no more than nine persons serving terms specified in the plan of operation. The members of the board shall be elected by member insurers, giving consideration among other things to whether all types of member insurers are fairly represented. Vacancies on the board shall be filled for the remaining period of the term in the same manner as initial appointments.
B.Members of the board may be reimbursed from the assets of the Association for expenses incurred by them as members of the board of directors.
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Legislative History
1970, c. 766, § 38.1-762; 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 § 38.2-1605, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/38.2/38.2-1605.