2016 Base Annual Assessment Rate Will Rise to 17%. Our operating and investment results for 2015 were moderate. The stock market displayed weakness and high volatility during the second half of the year; we were fortunate to have reduced our …
"Founded Upon Benevolence"
The fundamental principle of the Society of “mutual assurance and mutual risk” was set forth in the Society’s original charter and remains our mission today.
The Mutual Assurance Society Against Fire on Buildings of the State of Virginia was founded on December 22, 1794, by an act of incorporation by the Virginia General Assembly. On May 17, 1982, the members of the Society changed the name of the company to “Mutual Assurance Society of Virginia.”
Today we operate much the same way as we did at our beginning. We provide our members with quality insurance protection at a reasonable cost always striving to do so in a caring and efficient manner.