Code of Virginia § 38.2-2912. Commissions for placing and servicing risk with Association.
48 words·~1 min read·
/va/title-38-2/chapter-29/38-2-2912A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For any policy issued by the Association, the commission payable to the person that places the risk with the Joint Underwriting Association or services the risk shall be limited to five percent of the annual premium for the policy or $1,000, whichever is less.
1988, cc. 769, 783.