Each insurer that is a member of the association shall participate in the temporary contributions to finance the operation of the association in the proportion that the net direct premiums written by each member during the preceding calendar year bears to the aggregate net direct premiums written in this Commonwealth by all members of the association. However, the net direct premiums written by each member shall exclude that portion of premiums attributable to the operation of the association. Each insurer's participation in the association shall be determined annually on the basis of such premiums written during the preceding calendar year in the manner set forth in the plan of operation.
1976, c. 85, § 38.1-782; 1986, c. 562.
Structure Code of Virginia
Chapter 28 - Medical Malpractice Joint Underwriting Association
§ 38.2-2804. Plan of operation
§ 38.2-2805. Medical and hospital advisory committees
§ 38.2-2807. Stabilization reserve fund
§ 38.2-2808. Participation in association by insurers
§ 38.2-2809. Review of actions or decisions of association
§ 38.2-2810. Annual statements
§ 38.2-2811. Examination into affairs of association
§ 38.2-2812. Public officers or employees
§ 38.2-2813. Commissions for placing and servicing risk with association