Virginia § 38.2-308 - Contingent liability provisions in policies issued by certain mutual insurers
Full text of Virginia Code of Virginia § 38.2-308 — Contingent liability provisions in policies issued by certain mutual insurers, with citation guidance and answers to common questions.
§ 38.2-308. Contingent liability provisions in policies issued by certain mutual insurers
Except in the case of nonassessable policies, the contingent liability of each member of a mutual insurer, other than a life insurer, shall be clearly stated in the mutual insurer's policies. The contingent liability may be limited, but such limitation shall not be less than one additional annual premium on each policy held by the member.
Code 1950, § 38-508; 1952, c. 317, § 38.1-335.1; 1986, c. 562.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 38.2-308
What does Code of Virginia § 38.2-308 cover?
Section 38.2-308 ("Contingent liability provisions in policies issued by certain mutual insurers") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 38.2-308?
A common citation format is "Code of Virginia § 38.2-308" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 38.2-308 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.