{"data":{"id":"us-va/va.-code-38.2-1228","jurisdiction":"us-va","citation":"Va. Code § 38.2-1228","heading":"Subscribers' share in assets","body":"Upon the liquidation of a domestic reciprocal, the assets remaining after discharge of its (i) indebtedness and policy obligations, (ii) the return of any contributions of the attorney or other person made as provided in § 38.2-1225, and (iii) the return of any unused deposits, savings or credits, shall be distributed. The distribution shall be according to a formula approved by the Commission or the court to the persons who were its subscribers within the twelve months prior to the final termination of its license.1952, c. 317, § 38.1-717; 1986, c. 562.","path":["Title 38.2. INSURANCE","Chapter 12. RECIPROCAL INSURANCE","Article 2. DOMESTIC RECIPROCALS"],"source_url":"https://law.lis.virginia.gov/vacode/38.2-1228/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:16:05Z","sha256":"c4ef849b97065a6d1d694169d532e51f81fb36b62d70a23e45c06c96fe358cd7","source_id":"us-va","stale":true,"prev":"us-va/va.-code-38.2-1227","next":"us-va/va.-code-38.2-1229"},"notice":"GroundRules: Original legal text. Not legal advice."}