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1996 SESSION

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969821000
HOUSE BILL NO. 1541 Offered January 22, 1996 A BILL to amend and reenact § 38.2-1612 of the Code of Virginia, relating to the Property Casualty Insurance Guaranty Association. ---------- Patron-- Heilig ---------- Referred to Committee on Corporations, Insurance and Banking ----------

Be it enacted by the General Assembly of Virginia:

1. That § 38.2-1612 of the Code of Virginia is amended and reenacted as follows:

§ 38.2-1612. Examination and regulation of Association by Commission; annual financial report.

The Association shall be subject to examination and regulation by the Commission. The board of directors shall submit, not later than March 30 May 1 of each year, a financial report for the preceding calendar year in a form approved by the Commission.