Virginia Code Title 38.2. Insurance § 38.2-2501. Definitions

As used in this chapter:

“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.

“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.