Each policyholder after sustaining loss or damage from any cause specified in the policy shall notify the mutual assessment property and casualty insurer within the time prescribed in the policy. The insurer shall promptly proceed to ascertain and adjust the loss or damage in the manner provided by the policy, law and bylaws of the company.
Code 1950, § 38-530; 1952, c. 317, § 38.1-678; 1986, c. 562.
Structure Code of Virginia
Chapter 25 - Mutual Assessment Property and Casualty Insurers
§ 38.2-2502. Mutual assessment insurance authorized
§ 38.2-2504. Property beyond authorized territory
§ 38.2-2505. Risks limited to those specified in this chapter; personal liability for loss
§ 38.2-2506. What laws applicable
§ 38.2-2507. Conversion of mutual assessment property and casualty insurers
§ 38.2-2508. Incorporation of insurers
§ 38.2-2509. Directors; terms; annual meetings; voting; executive committee
§ 38.2-2511. How license obtained
§ 38.2-2512. Who may become members
§ 38.2-2513. Withdrawal and exclusion of members
§ 38.2-2514. Procedure upon exclusion of member
§ 38.2-2516. Issuance of policies; bylaws as part of contract
§ 38.2-2517. Policy forms to be filed
§ 38.2-2518. Assessment contract
§ 38.2-2519. Classification of risks; rates
§ 38.2-2520. Right to limit assessment liability
§ 38.2-2521. Notice of assessment; how given
§ 38.2-2522. Action to recover assessments; penalty
§ 38.2-2523. Notice of loss and adjustment
§ 38.2-2524. Proceeding when loss or damage exceeds cash on hand
§ 38.2-2525. Agents licenses required
§ 38.2-2526. Surplus to policyholders