{"data":{"id":"us-va/va.-code-38.2-1604","jurisdiction":"us-va","citation":"Va. Code § 38.2-1604","heading":"Association created; members; divided into three accounts","body":"The nonprofit unincorporated legal entity known as the Virginia Property and Casualty Insurance Guaranty Association, created by former § 38.1-761, shall continue in existence. All insurers defined as \"member insurers\" under § 38.2-1603 shall be and remain members of the Association as a condition of their license to transact the business of insurance in this Commonwealth. The Association shall perform its functions under a plan of operation established and approved under § 38.2-1607 and shall exercise its powers through a board of directors established under § 38.2-1605. For purposes of administration and assessment, the Association shall have three separate accounts: (i) the workers' compensation insurance account; (ii) the automobile insurance account; and (iii) the account for all other insurance to which this chapter applies. These accounts shall be in addition to and separate from the safety fund authorized by § 38.2-1619.1970, c. 766, § 38.1-761; 1986, c. 562; 1998, c. 230.","path":["Title 38.2. INSURANCE","Chapter 16. VIRGINIA PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION","Article 1. ESTABLISHMENT AND OPERATION OF THE ASSOCIATION"],"source_url":"https://law.lis.virginia.gov/vacode/38.2-1604/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:16:05Z","sha256":"edb11f368ee138cd45115176a72a6273ca66647957209813af4355228336fa6b","source_id":"us-va","stale":true,"prev":"us-va/va.-code-38.2-1603","next":"us-va/va.-code-38.2-1605"},"notice":"GroundRules: Original legal text. Not legal advice."}