If a company goes out of business or ceases to be a company in this Commonwealth in any assessable or license year, the company shall remain liable for the payment of the assessment measured by direct gross premium income for the period in which it operated as a company and received or derived direct gross premium income from business in this Commonwealth.
1977, c. 317, § 38.1-48.7; 1986, c. 562.
Structure Code of Virginia
§ 38.2-400. Expense of administration of insurance laws borne by licensees; minimum contribution
§ 38.2-401. Fire Programs Fund
§ 38.2-401.1. Dam Safety, Flood Prevention and Protection Assistance Fund assessment
§ 38.2-403. Assessment for expenses
§ 38.2-403.1. Omitted assessments
§ 38.2-404. Recovery of such assessments; revocation or suspension of license
§ 38.2-405. Application for correction of assessment
§ 38.2-406. Report of gross premium income
§ 38.2-412. Companies going out of business
§ 38.2-413. Double assessment respecting same direct gross premium income negated
§ 38.2-414. Assessments to fund program to reduce losses from motor vehicle thefts
§ 38.2-415. Assessment to fund program to reduce losses from insurance fraud