Va. Code § 38.2-2713

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

Section 38.2-2713 - Obligations not to be impaired in event of repeal of chapter

If the General Assembly repeals this chapter, (i) the obligations incurred by the residual market facility and the joint underwriting association and policies issued by either organization or by their members shall not be impaired by the repeal, and (ii) the residual market facility and joint underwriting association shall be continued until they have fully performed their respective outstanding obligations.

1970, c. 45, § 38.1-755.1; 1986, c. 562.

Amended by Acts 1986, § c. 562.

Amended by Acts 1970, § c. 45, §38.1-755.1.