Virginia § 38.2-1212 - Subscribers' liability
Full text of Virginia Code of Virginia § 38.2-1212 — Subscribers' liability, with citation guidance and answers to common questions.
§ 38.2-1212. Subscribers' liability
A. Each subscriber insured under an assessable policy shall have a contingent assessment liability for payment of actual losses and expenses incurred while his policy was in force. This shall be in the amount provided for in the power of attorney or subscriber's agreement.
B. The contingent assessment liability on any one policy in any one calendar year shall equal the premiums earned, as defined in § 38.2-1226, on the policy for that year multiplied by not less than one nor more than ten.
C. The contingent assessment liability shall not be joint, but shall be individual and several.
D. Each assessable policy issued by the insurer shall plainly set forth a statement of the contingent assessment liability on the front of the policy in capital letters in no less than ten point type.
1952, c. 317, §§ 38.1-702, 38.1-716; 1986, c. 562.
Frequently Asked Questions About Virginia § 38.2-1212
What does Code of Virginia § 38.2-1212 cover?
Section 38.2-1212 ("Subscribers' liability") 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 § 38.2-1212?
A common citation format is "Code of Virginia § 38.2-1212" (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 § 38.2-1212 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.