Virginia Property & Casualty Insurance Guaranty Ass'n v. International Insurance

In this appeal, we must determine whether the Virginia Insurance Guaranty Association Act (the Act)1 requires an injured *704party to exhaust all rights he may have under his own insurance policy prior to receiving payment under the Act, when the tortfeasor’s liability insurance carrier has become insolvent.

Terrance Foster was injured in an automobile accident caused by Martha Tunstall. Foster was awarded a $50,000 judgment against Tunstall. Tunstall was insured by Iowa National Mutual Insurance Company (Iowa National) with coverage limits of $50,000 for any one injury and $100,000 for all…