Va. Code § 38.2-215

Current with changes from the 2024 legislative session through ch. 845

Section 38.2-215 - Liability of president, chief executive officer or directors if insurance issued when insurer insolvent

If any insurer is insolvent, and the president, chief executive officer or directors with knowledge of insolvency make or agree to further insurance, they shall be personally liable for any loss under that insurance.

Va. Code § 38.2-215

Code 1950, § 38-176; 1952, c. 317, § 38.1-37; 1986, c. 562.

Amended by Acts 1986, § c. 562.

Amended by Acts 1952, § c. 317, § 38.1-37.