VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

1998 SESSION

• history | hilite | pdf | print version

983776845
SENATE BILL NO. 40 Offered January 14, 1998 Prefiled January 13, 1998 A BILL to amend and reenact § 38.2-407 of the Code of Virginia, relating to insurance; declarations of estimated maintenance assessments. ---------- Patron-- Colgan ---------- Referred to the Committee on Commerce and Labor ----------

Be it enacted by the General Assembly of Virginia:

1. That § 38.2-407 of the Code of Virginia is amended and reenacted as follows:

§ 38.2-407. Declarations of estimated assessment.

A. Each company subject to licensure under this title that is required to make a declaration of estimated tax as provided in Article 2 (§ 58.1-2520 et seq.) of Chapter 25 of Title 58.1 the assessment prescribed by § 38.2-400 shall make a declaration of estimated assessment for the assessable year as provided in this chapter. This declaration is required if the assessment imposed by this chapter § 38.2-400 can reasonably be expected to exceed $3,000.

B. The declaration shall contain any pertinent information the Commission may require.

C. A company may make amendments of a declaration filed during the assessable year, subject to the requirements of the Commission, not exceeding the number specified in subsection B of § 38.2-408.

D. A company with an assessable year of less than twelve months shall make a declaration in accordance with the requirements of the Commission.