Virginia Property and Casualty Insurance Guaranty Association

The Virginia Property and Casualty Insurance Guaranty Association ("VAPCIGA") is a non-profit, unincorporated association of all Virginia-licensed property and casualty insurers. It was created by the Virginia legislature to provide protections to Virginia policyholders and claimants in the event an insurance company becomes insolvent. VAPCIGA pays covered claims as authorized by the Annotated Code of Virginia, § 38.2-1600, et seq. VAPCIGA is not an insurance company. It does not issue policies or collect premiums. VAPCIGA exists to pay covered claims when an insurer becomes insolvent. All insurance companies licensed to sell property and casualty insurance in Virginia are required to be members of the Association and contribute to the fund used for payment of covered claims.

 

State Law

Plan of Operation

State Brochure

Documents

Annual Reports

Annual Report 2017
Size 147.72 KB
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Annual Report 2016
Size 125.19 KB
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Annual Report 2015
Size 319.9 KB
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Annual Report 2014
Size 291.12 KB
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VA Annual Report 2013
Size 429.02 KB
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Annual Report 2012
Size 315.41 KB
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Annual Report 2011
Size 928.12 KB
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Annual Report 2010
Size 169.87 KB
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Annual Report 2009
Size 835.32 KB
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Annual Report 2008
Size 109.4 KB
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Annual Report 2007
Size 95.64 KB
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Assessments

Assessment 2018
Size 76.12 KB
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VA Report of Assessable Ocean Marine and Inland Marine Premium
Size 13 KB
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Assessment 2017
Size 12.28 KB
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Assessment 2016
Size 12.25 KB
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Assessment 2015
Size 12.21 KB
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Assessment 2014
Size 7.24 KB
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Assessments 2013
Size 41 KB
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Assessments 2012
Size 24 KB
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Assessments 2011
Size 14.07 KB
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Assessments 2009
Size 14 KB
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Assessments 2008
Size 10.99 KB
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Assessments 2007
Size 20.18 KB
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Financials

December 2018 Financials
Size 79.58 KB
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September 2018 Financials
Size 80.08 KB
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June 2018 Financials
Size 56.74 KB
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March 2018 Financials
Size 79.08 KB
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December 2017 Financials
Size 78.83 KB
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December 2016 Financials
Size 73.44 KB
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December 2015 Financials
Size 75.77 KB
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December 2014 Financials
Size 81.9 KB
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December 2013 Financials
Size 57.28 KB
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December 2012 Financials
Size 105.96 KB
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December 2011 Financials
Size 972 KB
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December 2010 Financials
Size 638.5 KB
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December 2009 Financials
Size 614 KB
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December 2008 Financials
Size 616 KB
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December 2007 Financials
Size 373.5 KB
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FAQs

What is the Virginia Property and Casualty Insurance Guaranty Association (VAPCIGA)?
What is the role of the VAPCIGA?
Where does VAPCIGA get the money to pay the claims?
What kinds of insurance policies are protected by VAPCIGA?
Is there a limit to what VAPCIGA will pay?
What about any premium I've already paid for the policy that is now cancelled before its original expiration period?
Before my company was declared insolvent, it was defending me in a lawsuit brought under my policy. What happens now?