Virginia Code > Title 38.2 > Chapter 25 > Article 1 – General Provisions


§ 38.2-2500	Scope of chapter
§ 38.2-2501	Definitions
§ 38.2-2502	Mutual assessment insurance authorized
§ 38.2-2503	Classes of insurance that may be written by mutual assessment property and casualty insurers; minimum surplus to policyholders required
§ 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

Commission: means the State Corporation Commission. See Virginia Code 38.2-100
Company: means any association, aggregate of individuals, business, corporation, individual, joint-stock company, Lloyds type of organization, organization, partnership, receiver, reciprocal or interinsurance exchange, trustee or society. See Virginia Code 38.2-100
Includes: means includes, but not limited to. See Virginia Code 1-218
Insurer: means an insurance company. See Virginia Code 38.2-100
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Mutual assessment insurance: means property and casualty insurance written by an insurer which has a right to assess its members for contributions and which is licensed pursuant to this chapter. See Virginia Code 38.2-2501
Mutual assessment property and casualty insurer: means a company without capital stock that writes only mutual assessment insurance insuring property located in or protecting against losses of members who are residents of this Commonwealth. See Virginia Code 38.2-2501
Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Surplus to policyholders: means the excess of total admitted assets over the liabilities of an insurer, and shall be the sum of all capital and surplus accounts, including any voluntary reserves, minus any impairment of all capital and surplus accounts. See Virginia Code 38.2-100

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