Virginia Code > Title 38.2 > Chapter 24 > Article 2 – Power of Attorney to Execute Bonds.
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Terms Used In Virginia Code > Title 38.2 > Chapter 24 > Article 2 - Power of Attorney to Execute Bonds.
- Attorney: means the person designated and authorized by subscribers as the attorney-in-fact having authority to obligate them on reciprocal insurance contracts. See Virginia Code 38.2-1201
- Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
- Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
- Insurer: means an insurance company. See Virginia Code 38.2-100