Any judgment against a reciprocal based upon legal process duly served as provided in this chapter shall be binding upon the reciprocal and upon each of the reciprocal's subscribers as their respective interests may appear, in an amount not exceeding their respective contingent assessment liabilities.
1952, c. 317, § 38.1-708; 1986, c. 562.
Structure Code of Virginia
Chapter 12 - Reciprocal Insurance
§ 38.2-1202. Insuring power of reciprocals
§ 38.2-1203. What laws applicable to reciprocals; compliance with § 38.2-208
§ 38.2-1204. Power to enter into reciprocal insurance contracts
§ 38.2-1206. License required of reciprocals; surplus
§ 38.2-1207. Exceptions as to reciprocals licensed and operating
§ 38.2-1208. Additional requirements, foreign and alien reciprocals
§ 38.2-1209. Residence and office of attorney of foreign and alien reciprocals
§ 38.2-1210. Contracts executed by attorney
§ 38.2-1211. License required of agent
§ 38.2-1212. Subscribers' liability
§ 38.2-1213. Nonassessable policies
§ 38.2-1214. Savings returned to subscribers
§ 38.2-1216. Clerk of Commission to be appointed agent for service of process; procedure thereafter
§ 38.2-1218. Effect of judgment against reciprocal
§ 38.2-1219. Organization of reciprocals; what declaration to contain
§ 38.2-1220. Attorney to file bond
§ 38.2-1221. Deposit instead of bond
§ 38.2-1222. Subscribers' advisory committee
§ 38.2-1223. Subscriber's agreement and power of attorney
§ 38.2-1224. Modification of power of attorney and subscriber's agreement
§ 38.2-1227. Time limit for assessment
§ 38.2-1228. Subscribers' share in assets
§ 38.2-1229. Impaired reciprocals