CHAPTER 292

An Act to amend and reenact § 38.1-659 of the Code of Virginia, as
amended, relating to the definition of “mutual assessment fire insur-
ance” and broadening the same to include § 88.1-7 of the Code of
Virginia.

[H 599]

Approved March 15, 1960

Be it enacted by the General Assembly of Virginia:

That § 38.1-659 of the Code of Virginia, as amended, be amended
and reenacted as follows:

§ 38.1-659. Definitions—As used in this title, unless the context or
subject matter requires otherwise, the following words or terms have the
meaning herein ascribed to them, respectively :

(1) “Mutual assessment fire insurance’ means and includes (a)
fire insurance as defined in § 38.1-6, and -(b) * miscellaneous property
insurance as defined in § 38.1-7, * when such insurance is issued as a sup-
plemental or comprehensive contract in connection with a fire insurance
policy; but in order for such insurance to constitute “mutual assessment
fire insurance’”’ it must be written by a mutual assessment fire insurance
company as herein defined, and must cover only the kind or classes of
property authorized by this chapter to be insured by such companies.

(2) “Mutual assessment fire insurance company” means a company
organized without capital stock and operating under the provisions of this
chapter for the benefit of its members, which pays its losses solely from
assessments upon its members, which confines its business to this State,
and which transacts only mutual assessment fire insurance as herein

efined.

(3) “Windstorm insurance” as used in this chapter means and in-
cludes insurance against loss or damage including loss of rents, use and
occupancy, and miscellaneous or consequential damage caused directly or
indirectly by windstorm, tornado, or cyclone.