Virginia Statutes
§ 38.2-5018 — Assessments to be held in restricted cash account
Virginia § 38.2-5018
JurisdictionVirginia
Title 38.2INSURANCE
Ch. 50VIRGINIA BIRTH-RELATED NEUROLOGICAL INJURY COMPENSATION ACT
This text of Virginia § 38.2-5018 (Assessments to be held in restricted cash account) 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. § 38.2-5018 (2026).
Text
All assessments paid pursuant to the plan of operation, shall be held in a separate restricted cash account under the sole control of an independent fund manager to be selected by the directors. The Fund, and any income from it, shall be disbursed for the payment of awards as provided in this chapter and for the payment of the expenses of administration of the Fund and the Program, including the reasonable expenses of the Commission.
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Legislative History
1987, c. 540; 1989, c. 523; 1990, c. 244.
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 § 38.2-5018, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/38.2/38.2-5018.