Code of Virginia § 38.2-2713. Obligations not to be impaired in event of repeal of chapter.
68 words·~1 min read·
/va/title-38-2/chapter-27/38-2-2713A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.