38.2-2713 - Obligations not to be impaired in event of repeal of chapter. - Virginia Statutes

§ 38.2-2713. Obligations not to be impaired in event of repeal of chapter.

If the General Assembly repeals this chapter, (i) the obligations incurred bythe residual market facility and the joint underwriting association andpolicies issued by either organization or by their members shall not beimpaired by the repeal, and (ii) the residual market facility and jointunderwriting association shall be continued until they have fully performedtheir respective outstanding obligations.

(1970, c. 45, § 38.1-755.1; 1986, c. 562.)