Bill Text: VA HB951 | 2020 | Regular Session | Enrolled
Bill Title: Mutual assessment property and casualty insurers; notice by electronic delivery.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2020-03-10 - Governor: Acts of Assembly Chapter text (CHAP0216) [HB951 Detail]
Download: Virginia-2020-HB951-Enrolled.html
Be it enacted by the General Assembly of Virginia:
1. That §38.2-2521 of the Code of Virginia is amended and reenacted as follows:
§38.2-2521. Notice of assessment; how given.
After an assessment is made, the insurer shall give every
member subject to the assessment written notice stating the amount of the member's
assessment and the date when payment is due. Except where the provisions of the
bylaws or the policy provide otherwise, the time of payment shall be at least
thirty days and no more than sixty days from the service of the notice. That
notice may be served personally or, by mail, or by electronic
delivery pursuant to §38.2-325. If mailed, the notice shall be deposited
with the United States Postal Service and addressed to the member at his
residence or place of business as shown on the company records.
