Virginia Statutes
§ 38.2-3818 — Officers and members not individually liable for payment
Virginia § 38.2-3818
JurisdictionVirginia
Title 38.2INSURANCE
Ch. 38COOPERATIVE NONPROFIT LIFE BENEFIT COMPANIES
Art. 2RESERVES, POLICIES AND BENEFITS
This text of Virginia § 38.2-3818 (Officers and members not individually liable for payment) 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. § 38.2-3818 (2026).
Text
Officers and members of the supreme, grand or any subordinate body of any company shall not be individually liable for the payment of any disability or death or other benefits provided for in the laws, bylaws and contracts of the company. Benefits shall be payable out of the funds of the company and in the manner provided by its laws and bylaws.
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Legislative History
Code 1950, § 38-487; 1952, c. 317, § 38.1-519; 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 § 38.2-3818, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/38.2/38.2-3818.