Title 38.2 - INSURANCE.
- Chapter 1 - General Provisions (38.2-100 thru 38.2-137)
- 38.2-100 - Definitions.
- 38.2-101 - Classification of insurance.
- 38.2-102 - Life.
- 38.2-103 - Credit life.
- 38.2-104 - Industrial life.
- 38.2-105 - Variable life.
- 38.2-105.1 - Modified guaranteed life insurance.
- 38.2-106 - Annuities.
- 38.2-106.1 - Charitable gift annuities.
- 38.2-107 - Variable annuity.
- 38.2-107.1 - Modified guaranteed annuity.
- 38.2-108 - Credit accident and sickness.
- 38.2-109 - Accident and sickness.
- 38.2-110 - Fire.
- 38.2-111 - Miscellaneous property and casualty.
- 38.2-112 - Water damage.
- 38.2-113 - Burglary and theft.
- 38.2-114 - Glass insurance.
- 38.2-115 - Boiler and machinery.
- 38.2-116 - Animal.
- 38.2-117 - Personal injury liability.
- 38.2-118 - Property damage liability.
- 38.2-119 - Workers' compensation and employers' liability.
- 38.2-120 - Fidelity.
- 38.2-121 - Surety.
- 38.2-122 - Credit.
- 38.2-122.1 - Credit involuntary unemployment insurance.
- 38.2-122.2 - Credit property insurance.
- 38.2-123 - Title.
- 38.2-124 - Motor vehicle.
- 38.2-125 - Aircraft.
- 38.2-126 - Marine.
- 38.2-127 - Legal services insurance.
- 38.2-128 - Mortgage guaranty insurance.
- 38.2-129 - Home protection insurance.
- 38.2-130 - Homeowners insurance.
- 38.2-131 - Farmowners insurance.
- 38.2-132 - Commercial multi-peril insurance.
- 38.2-133 - Contingent and consequential losses.
- 38.2-134 - Definitions to include other insurance of same general kind.
- 38.2-135 - Classes of insurance companies may be licensed to write.
- 38.2-136 - Reinsurance.
- 38.2-137 - Flood insurance.
- Chapter 2 - Provisions of a General Nature (38.2-200 thru 38.2-235)
- 38.2-200 - General powers of the Commission relative to insurance.
- 38.2-201 - Recommendations by Commission to General Assembly.
- 38.2-202 - Regulation of solicitation of proxies, consents and authorizations.
- 38.2-203 - Management and exclusive agency contracts subject to approval by Commission.
- 38.2-204 - , 38.2-205
- 38.2-205.1 - Temporary contracts of insurance permitted.
- 38.2-206 - Corporations as members of mutual insurers.
- 38.2-207 - Enforcement of right of subrogation in name of insured.
- 38.2-208 - Limitation of risks generally.
- 38.2-209 - Award of insured's attorney fees in certain cases.
- 38.2-210 - Loans to officers, directors, etc., prohibited.
- 38.2-211 - Other interests and payments to officers, directors, etc., prohibited.
- 38.2-212 - Certain compensation not prohibited.
- 38.2-213 - Violation of § 38.2-210 or § 38.2-211.
- 38.2-214 - Restrictions upon purchase and sale of equity securities of domestic stock insurers.
- 38.2-215 - Liability of president, chief executive officer or directors if insurance issued when insurer insolvent.
- 38.2-216 - Restrictions on removal or transfer of property and on reinsurance; penalty.
- 38.2-217 - When assets may not be distributed among stockholders.
- 38.2-218 - Penalties and restitution payments.
- 38.2-219 - Violations; procedure; cease and desist orders.
- 38.2-220 - Injunctions.
- 38.2-221 - Enforcement of penalties.
- 38.2-221.1 - Confidentiality of information.
- 38.2-221.2 - Treatment of confidential information pursuant to federal law.
- 38.2-221.3 - Confidentiality of applications and investigations.
- 38.2-222 - Appeals generally.
- 38.2-223 - Rules and regulations; orders.
- 38.2-224 - Procedures.
- 38.2-225 - Disposition of fines and penalties.
- 38.2-226 - Provisions of title not to apply to certain mutual aid associations.
- 38.2-226.1 - Description unavailable
- 38.2-226.2 - Provisions of title not applicable to certain long-term care health plans.
- 38.2-226.3 - Description unavailable
- 38.2-227 - Public policy regarding punitive damages.
- 38.2-228 - Proof of future financial responsibility.
- 38.2-229 - Immunity from liability.
- 38.2-230 - Distributions by nonstock corporation.
- 38.2-231 - Notice of cancellation, refusal to renew, reduction in coverage or increase in premium of certain liability insurance policies.
- 38.2-232 - Notice of lapse or pending lapse of certain life and accident and sickness insurance policies.
- 38.2-233 - Credit involuntary unemployment insurance; credit property insurance; disclosure and readability.
- 38.2-234 - Release of information.
- 38.2-235 - Liability insurance; carbon monoxide exclusions.
- Chapter 3 - Provisions Relating to Insurance Policies and Contracts (38.2-300 thru 38.2-325)
- 38.2-300 - Scope of chapter.
- 38.2-301 - Insurable interest required; life, accident and sickness insurance.
- 38.2-302 - Life, accident and sickness insurance; application required.
- 38.2-303 - Insurable interest required; property insurance.
- 38.2-304 - Contracts of temporary insurance; duration; what deemed to include.
- 38.2-305 - Contents of policies.
- 38.2-306 - Additional contents.
- 38.2-307 - Charter and bylaw provisions in policies.
- 38.2-308 - Contingent liability provisions in policies issued by certain mutual insurers.
- 38.2-309 - When answers or statements of applicant do not bar recovery on policy.
- 38.2-310 - All fees, charges, etc., to be stated in policy.
- 38.2-311 - Type size in which conditions and restrictions to be printed.
- 38.2-312 - Provisions limiting jurisdiction, or requiring construction of contracts by law of other states, prohibited.
- 38.2-313 - Where certain contracts deemed made.
- 38.2-314 - Limitation of action and proof of loss.
- 38.2-315 - Intervening breach.
- 38.2-316 - Policy forms to be filed with Commission; notice of approval or disapproval; exceptions.
- 38.2-317 - Delivery and use of certain policies and endorsements.
- 38.2-318 - Validity of noncomplying forms.
- 38.2-319 - Validity of contracts in violation of law.
- 38.2-320 - Insurer to furnish forms for proof of loss.
- 38.2-321 - Payment discharges insurer.
- 38.2-322 - Standardized claims forms.
- 38.2-323 - Description unavailable
- 38.2-324 - Disclosure of property damage information.
- 38.2-325 - Electronic delivery.
- Chapter 4 - Assessment for Administration of Insurance Laws and Declarations of Estimated Assessments by Insure... (38.2-400 thru 38.2-415)
- Chapter 5 - Unfair Trade Practices (38.2-500 thru 38.2-517)
- Chapter 6 - Insurance Information and Privacy Protection (38.2-600 thru 38.2-620)
- Chapter 7 - Antitrust Provisions (38.2-700 thru 38.2-705)
- Chapter 8 - Service of Process (38.2-800 thru 38.2-811)
- Chapter 9 - Transition Provisions (38.2-900 thru 38.2-904)
- Chapter 10 - Organization, Admission and Licensing of Insurers (38.2-1000 thru 38.2-1058)
- 38.2-1000 - Incorporation of domestic stock insurers.
- 38.2-1001 - Incorporation of domestic mutual insurers.
- 38.2-1002 - Additional requirements of articles of incorporation; name.
- 38.2-1003 - When corporate status attained; bylaws filed with Commission.
- 38.2-1004 - Voting.
- 38.2-1005 - Certain mutual companies and societies not to become stock companies without approval of Commission.
- 38.2-1005.1 - Conversion of a domestic mutual insurer to a domestic stock insurer.
- 38.2-1005.1:1 - Definitions
- 38.2-1005.1:10 - Conflicts of interest
- 38.2-1005.1:11 - Costs and expenses
- 38.2-1005.1:12 - Failure to give notice
- 38.2-1005.1:13 - Limitation on actions
- 38.2-1005.1:2 - Formation of mutual holding company and conversion of mutual company
- 38.2-1005.1:3 - Mutual holding company membership interest
- 38.2-1005.1:4 - Contents of plan of MHC conversion
- 38.2-1005.1:5 - Adoption and approval of plan of MHC conversion
- 38.2-1005.1:6 - Corporate existence
- 38.2-1005.1:7 - Regulation and authority of a mutual holding company
- 38.2-1005.1:8 - Diversion of business to affiliates
- 38.2-1005.1:9 - Conversion of mutual holding company
- 38.2-1006 - Conversion of a domestic stock insurer to a mutual insurer.
- 38.2-1007 - Notice to policyholders of meeting to approve conversion.
- 38.2-1008 - Conduct of and voting at meeting.
- 38.2-1009 - Payment for shares pursuant to conversion plan.
- 38.2-1010 - How acquired shares held.
- 38.2-1011 - Disposition of dividends after payments provided in conversion plan.
- 38.2-1012 - Jurisdiction to compel completion of mutualization.
- 38.2-1013 - Venue of proceedings.
- 38.2-1014 - Parties and process.
- 38.2-1015 - Determining value of stock outstanding; dismissal of petition or entry of decree requiring payment for and transfer of stock.
- 38.2-1016 - Amendment of charter and bylaws; change of name; retirement and cancellation of stock; when mutualization effective; assets and liabilities; officers and directors; general restrictions an
- 38.2-1016.1 - Conversion of a health maintenance organization to an accident and sickness insurer.
- 38.2-1017 - Applicability of Title 13.1.
- 38.2-1018 - Plan of merger to be approved by Commission.
- 38.2-1019 - Change of status from foreign to domestic insurer.
- 38.2-1020 - Transfer of domicile from Virginia to another state.
- 38.2-1021 - Change of domicile of foreign insurer to another foreign state.
- 38.2-1022 - Commission to be notified of proposed transfer of domicile.
- 38.2-1023 - Effect of transfer of domicile on certificate of authority, agents' appointments and licenses, etc.
- 38.2-1024 - License required to transact the business of insurance; application fee requirements for license.
- 38.2-1025 - Annual renewal of license.
- 38.2-1026 - Retaliatory provisions as to taxes, fees, deposits and other requirements.
- 38.2-1027 - Admission of foreign and alien insurers.
- 38.2-1028 - Additional licensing requirements for stock insurers.
- 38.2-1029 - Additional licensing requirements for mutual insurers.
- 38.2-1030 - Surplus requirements for issuing policies without contingent liability.
- 38.2-1031 - Additional requirements, alien insurers.
- 38.2-1032 - Additional licensing requirements for domestic insurers.
- 38.2-1033 - Additional licensing requirements for foreign insurers.
- 38.2-1034 - How domestic mutual insurers may acquire initial surplus.
- 38.2-1035 - Domestic insurers to maintain minimum capital and surplus; proceedings by Commission if impairment found.
- 38.2-1036 - Impairment of capital and surplus of foreign and alien company ground for suspension or revocation of license.
- 38.2-1037 - Exceptions for licensed and operating insurers.
- 38.2-1038 - Authority of Commission to issue orders covering insurers in hazardous financial condition.
- 38.2-1039 - Enjoining unlicensed foreign or alien insurers from transacting the business of insurance in Commonwealth.
- 38.2-1039.1 - Risk retention groups.
- 38.2-1040 - Refusal, suspension or revocation of license.
- 38.2-1041 - Notice to company of proposed suspension or revocation.
- 38.2-1042 - Agent's authority likewise suspended or revoked.
- 38.2-1043 - Suspension or revocation published.
- 38.2-1044 - New business prohibited.
- 38.2-1045 - Deposits required of insurers generally.
- 38.2-1046 - Purpose of deposits; enforcement of lien.
- 38.2-1047 - How deposits applied to payment of claims; deficit to be made good.
- 38.2-1048 - Return of deposits.
- 38.2-1049 - Alternate deposit requirements.
- 38.2-1050 - Voluntary deposit in excess of amount required.
- 38.2-1051 - Description unavailable
- 38.2-1052 - Exchange of securities.
- 38.2-1053 - Interest on deposits; to whom paid.
- 38.2-1054 - Duty of State Treasurer when securities deposited are paid.
- 38.2-1055 - Annual report of State Treasurer to Commission.
- 38.2-1056 - Treasurer to receipt for deposits; responsibility of Commonwealth; taxation of deposited bonds.
- 38.2-1057 - Assessment for expense of holding deposits; Insurance Collateral Assessment Fund.
- 38.2-1058 - Felony for State Treasurer to dispose of securities illegally.
- Chapter 11 - Captive Insurers (38.2-1100 thru 38.2-1109)
- 38.2-1100 - Scope of chapter.
- 38.2-1101 - Definitions.
- 38.2-1102 - Application for license; limitations on authority.
- 38.2-1103 - Name.
- 38.2-1104 - Formation; licensure after examination; amendment of articles; principal and home office.
- 38.2-1105 - Deposit of minimum capital; letter of credit instead of deposit.
- 38.2-1106 - Minimum surplus in form of letter of credit.
- 38.2-1107 - Membership in rating organizations.
- 38.2-1108 - Tax on premiums collected.
- 38.2-1109 - Applicability of other provisions of title.
- Chapter 12 - Reciprocal Insurance (38.2-1200 thru 38.2-1231)
- 38.2-1200 - Scope of chapter.
- 38.2-1201 - Definitions.
- 38.2-1202 - Insuring power of reciprocals.
- 38.2-1203 - What laws applicable to reciprocals; compliance with § 38.2-208.
- 38.2-1204 - Power to enter into reciprocal insurance contracts.
- 38.2-1205 - Name.
- 38.2-1206 - License required of reciprocals; surplus.
- 38.2-1207 - Exceptions as to reciprocals licensed and operating.
- 38.2-1208 - Additional requirements, foreign and alien reciprocals.
- 38.2-1209 - Residence and office of attorney of foreign and alien reciprocals.
- 38.2-1210 - Contracts executed by attorney.
- 38.2-1211 - License required of agent.
- 38.2-1212 - Subscribers' liability.
- 38.2-1213 - Nonassessable policies.
- 38.2-1214 - Savings returned to subscribers.
- 38.2-1215 - Reserves.
- 38.2-1216 - Clerk of Commission to be appointed agent for service of process; procedure thereafter.
- 38.2-1217 - Reciprocal may be sued as such; where action or suit may be brought; upon whom service of process had.
- 38.2-1218 - Effect of judgment against reciprocal.
- 38.2-1219 - Organization of reciprocals; what declaration to contain.
- 38.2-1220 - Attorney to file bond.
- 38.2-1221 - Deposit instead of bond.
- 38.2-1222 - Subscribers' advisory committee.
- 38.2-1223 - Subscriber's agreement and power of attorney.
- 38.2-1224 - Modification of power of attorney and subscriber's agreement.
- 38.2-1225 - Contributions.
- 38.2-1226 - Assessments.
- 38.2-1227 - Time limit for assessment.
- 38.2-1228 - Subscribers' share in assets.
- 38.2-1229 - Impaired reciprocals.
- 38.2-1230 - Material transactions.
- 38.2-1231 - Attorney's financial statement.
- Chapter 13 - Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Ma... (38.2-1300 thru 38.2-1364)
- 38.2-1300 - Annual statements.
- 38.2-1301 - Additional reports.
- 38.2-1301.1 - Material transaction disclosures.
- 38.2-1302 - Extension of filing time.
- 38.2-1303 - Printed forms to be filed by insurers; certificates to domestic insurers.
- 38.2-1304 - False statements, reports, etc., deemed a Class 5 felony.
- 38.2-1305 - Voluntary reports.
- 38.2-1306 - Reports to be open to public inspection.
- 38.2-1306.1 - Insurance companies' analyses confidential.
- 38.2-1306.2 - Valuation of investments and other assets.
- 38.2-1306.3 - Nonadmitted assets.
- 38.2-1307 - through 38.2-1309
- 38.2-1310 - Description unavailable
- 38.2-1310.1 - Description unavailable
- 38.2-1311 - Valuation reserves.
- 38.2-1312 - Unearned premium reserves.
- 38.2-1313 - Loss records.
- 38.2-1314 - Loss or claim reserves.
- 38.2-1315 - Mortgage guaranty insurance contingency reserve.
- 38.2-1315.1 - Actuarial statements of opinion, reports, memoranda, and summaries.
- 38.2-1316 - Description unavailable
- 38.2-1316.1 - Definitions.
- 38.2-1316.2 - Credit allowed a domestic ceding insurer.
- 38.2-1316.3 - Credit allowed a foreign or alien ceding insurer.
- 38.2-1316.4 - Credit allowed any ceding insurer.
- 38.2-1316.5 - Terms of agreements.
- 38.2-1316.6 - Purpose, calculation and effect of reinsurance credits.
- 38.2-1316.7 - Rules and regulations.
- 38.2-1316.8 - Reinsurance agreements affected.
- 38.2-1317 - Examinations; when authorized or required.
- 38.2-1317.1 - Examinations; nature and scope.
- 38.2-1317.2 - Market analyses confidential.
- 38.2-1318 - Examinations; how conducted.
- 38.2-1319 - Expense of examination.
- 38.2-1320 - Examination reports; general description.
- 38.2-1320.1 - Submission of examination report.
- 38.2-1320.2 - Filing of report on examination.
- 38.2-1320.3 - Examination reports; orders and procedures.
- 38.2-1320.4 - Publication and use of examination reports.
- 38.2-1320.5 - Confidentiality of ancillary information.
- 38.2-1321 - Records of examination preserved.
- 38.2-1321.1 - Immunity from liability.
- 38.2-1322 - Definitions.
- 38.2-1323 - Acquisition of control of insurers.
- 38.2-1324 - Contents of application.
- 38.2-1325 - Alternate filing materials.
- 38.2-1326 - Approval by Commission.
- 38.2-1327 - Time for hearing; order of Commission.
- 38.2-1328 - Exemption.
- 38.2-1329 - Registration of insurers that are members of holding company system.
- 38.2-1330 - Standards for transactions with affiliates; adequacy of surplus.
- 38.2-1330.1 - Dividends and other distributions.
- 38.2-1331 - Commission approval required for certain transactions.
- 38.2-1332 - Examinations.
- 38.2-1333 - Confidential treatment of information and documents.
- 38.2-1334 - Revocation, suspension, or nonrenewal of insurer's license.
- 38.2-1334.1 - Voting of securities, injunctions and sequestration of voting securities.
- 38.2-1334.2 - Recovery.
- 38.2-1335 - Definitions.
- 38.2-1336 - Subsidiaries of insurers.
- 38.2-1337 - Disclaimer of control.
- 38.2-1338 - Applicability.
- 38.2-1339 - Exemptions.
- 38.2-1340 - Revocation, suspension, or nonrenewal of insurer's license.
- 38.2-1341 - Definitions.
- 38.2-1342 - Applicability.
- 38.2-1343 - Minimum standards.
- 38.2-1344 - Disclosure.
- 38.2-1345 - Penalties.
- 38.2-1346 - Licensure.
- 38.2-1347 - Definitions.
- 38.2-1348 - License requirements.
- 38.2-1349 - Required contract provisions; reinsurance intermediary brokers.
- 38.2-1350 - Books and records; reinsurance intermediary brokers.
- 38.2-1351 - Duties of insurers utilizing the services of a reinsurance intermediary broker.
- 38.2-1352 - Required contract provisions; reinsurance intermediary managers.
- 38.2-1353 - Prohibited acts.
- 38.2-1354 - Duties of reinsurers utilizing the services of a reinsurance intermediary manager.
- 38.2-1355 - Examination authority.
- 38.2-1356 - Penalties and liabilities; grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license.
- 38.2-1357 - Requirement to report to Commission.
- 38.2-1358 - Definitions.
- 38.2-1359 - Licensure.
- 38.2-1360 - Required contract provisions.
- 38.2-1361 - Duties of insurers utilizing managing general agents.
- 38.2-1362 - Examination authority.
- 38.2-1363 - Penalties and liabilities; grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license.
- 38.2-1364 - Requirement to report to Commission.
- Chapter 14 - Investments (38.2-1400 thru 38.2-1447)
- 38.2-1400 - Scope and purpose of chapter.
- 38.2-1401 - Definitions.
- 38.2-1402 - Authority to invest; classification of investments by category.
- 38.2-1403 - Category 2 investments limits.
- 38.2-1404 - Classification of existing investments.
- 38.2-1405 - Dates of determination.
- 38.2-1406 - Investment conversions.
- 38.2-1407 - Prohibited investments.
- 38.2-1408 - Authorization of investments.
- 38.2-1409 - Powers with respect to property.
- 38.2-1410 - Items not deemed to be prior liens or encumbrances.
- 38.2-1411 - Description unavailable
- 38.2-1411.1 - Investment limits generally.
- 38.2-1411.2 - Investment limits in medium grade and lower grade obligations.
- 38.2-1412 - Scope of article.
- 38.2-1413 - Investment limits for one obligor, one issue or one loan.
- 38.2-1414 - Limits by type of investment.
- 38.2-1415 - Obligations of domestic governmental entities.
- 38.2-1416 - Canadian governmental obligations.
- 38.2-1417 - Canadian corporate obligations.
- 38.2-1418 - Obligations of certain international agencies.
- 38.2-1419 - Railroad terminal and other securities.
- 38.2-1420 - Transportation equipment trust certificates.
- 38.2-1421 - Business entity obligations.
- 38.2-1422 - Obligations secured by certain leases.
- 38.2-1423 - Preferred stocks.
- 38.2-1424 - Guaranteed stocks.
- 38.2-1425 - Common stock of banks or trust companies.
- 38.2-1426 - Application of earnings tests.
- 38.2-1427 - Common stock; covered call options.
- 38.2-1427.1 - Limited partnerships.
- 38.2-1427.2 - Investment company shares and units of beneficial interest.
- 38.2-1427.3 - Investment authority; subsidiary corporations.
- 38.2-1428 - Hedging transactions.
- 38.2-1429 - Lending of securities.
- 38.2-1430 - Collateral loans.
- 38.2-1431 - Policy loans.
- 38.2-1432 - Savings, certificates, etc.
- 38.2-1433 - Foreign securities.
- 38.2-1434 - Mortgage loans.
- 38.2-1435 - Second mortgages; wrap-around mortgages.
- 38.2-1436 - Mortgage participations.
- 38.2-1437 - Limitations on mortgages.
- 38.2-1437.1 - Mortgage pass-through securities.
- 38.2-1438 - Renewals and extensions when value of property decreases.
- 38.2-1439 - Chattel mortgages.
- 38.2-1440 - Investment in personal property.
- 38.2-1441 - Real estate.
- 38.2-1442 - Guaranty association obligations.
- 38.2-1443 - Investment of amounts allocated to separate accounts for variable life insurance and variable annuities.
- 38.2-1443.1 - Investment of amounts allocated to separate accounts for modified guaranteed life insurance, modified guaranteed annuities, and funding agreements.
- 38.2-1444 - Establishment of separate accounts for pension, retirement or profit-sharing plans; investment of funds in such accounts.
- 38.2-1445 - Separate accounts deemed Category 1 investments.
- 38.2-1446 - Prohibition of hypothecation.
- 38.2-1447 - Exception.
- Chapter 15 - Rehabilitation and Liquidation of Insurers (38.2-1500 thru 38.2-1521)
- 38.2-1500 - Scope of chapter.
- 38.2-1501 - Definitions.
- 38.2-1502 - Jurisdiction and procedure.
- 38.2-1503 - Grounds for delinquency proceedings commenced by Commission against domestic insurer.
- 38.2-1504 - Requirements when proceedings instituted by any person other than Commission.
- 38.2-1505 - Commission may apply for receiver and for other relief; what orders court may enter.
- 38.2-1506 - Requirements when receiver appointed; disbursement of available assets to association, etc.
- 38.2-1507 - Further procedure; injunction may be issued.
- 38.2-1508 - Powers of Commission when authorized to rehabilitate or liquidate companies.
- 38.2-1509 - Powers of Commission when authorized to rehabilitate or liquidate insurers by court order; disbursement of available assets to an association, etc.
- 38.2-1510 - Commission may appoint assistants in connection with rehabilitation or liquidation.
- 38.2-1511 - Borrowing on pledge of assets.
- 38.2-1512 - Rights and liabilities fixed upon liquidation.
- 38.2-1513 - Voidable transfers.
- 38.2-1514 - Priority of claims for wages.
- 38.2-1515 - Mutual debts or credits, how treated.
- 38.2-1516 - Receivers to file reports, etc., with Commission.
- 38.2-1517 - What included in annual report of Commission.
- 38.2-1518 - Rehabilitation or mutualization of companies.
- 38.2-1519 - Termination of rehabilitation; when liquidation may be entered.
- 38.2-1520 - Liquidation of alien insurers.
- 38.2-1521 - Conservation of assets of foreign or alien insurer; when liquidation may be entered.
- Chapter 16 - Virginia Property and Casualty Insurance Guaranty Association (38.2-1600 thru 38.2-1623)
- 38.2-1600 - Purpose.
- 38.2-1601 - Application.
- 38.2-1602 - Liberal construction.
- 38.2-1603 - Definitions.
- 38.2-1604 - Association created; members; divided into three accounts.
- 38.2-1605 - Board of directors.
- 38.2-1606 - Duties and powers of Association.
- 38.2-1607 - Plan of operation.
- 38.2-1608 - Duties and powers of Commission; judicial review.
- 38.2-1609 - Insured's rights and liabilities; settlements binding on receiver or liquidator; priority of claims; statements to be filed with receiver or liquidator.
- 38.2-1610 - Exhaustion of remedies under policy; claims recoverable from more than one association.
- 38.2-1611 - Aids in detection and prevention of insurer insolvencies.
- 38.2-1611.1 - Tax write-offs of certificates of contribution.
- 38.2-1612 - Examination and regulation of Association by Commission; annual financial report.
- 38.2-1613 - Exemption from payment of fees and taxes.
- 38.2-1614 - Description unavailable
- 38.2-1615 - No liability for action taken in good faith.
- 38.2-1616 - Stay of proceedings against insolvent insurer; setting aside judgment, etc.; access to records.
- 38.2-1617 - Termination of operation of Association; expiration of chapter.
- 38.2-1618 - Purpose and applicability of article.
- 38.2-1619 - Safety fund.
- 38.2-1620 - Financing the safety fund, maximum amount, distribution of excess.
- 38.2-1621 - Investment of safety fund.
- 38.2-1622 - Use of safety fund, repayment, etc.
- 38.2-1623 - Association as a fiduciary.
- Chapter 17 - Virginia Life, Accident and Sickness Insurance Guaranty Association (38.2-1700 thru 38.2-1721)
- 38.2-1700 - Purpose and applicability of chapter.
- 38.2-1701 - Definitions.
- 38.2-1702 - Association; creation; memberships; accounts; supervision.
- 38.2-1703 - Board of directors of Association.
- 38.2-1704 - Powers and duties of Association.
- 38.2-1705 - Assessments.
- 38.2-1706 - Plan of operation.
- 38.2-1707 - Duties and powers of the Commission.
- 38.2-1708 - Detection and prevention of insolvencies.
- 38.2-1709 - Tax write-offs of certificates of contributions.
- 38.2-1710 - Miscellaneous provisions.
- 38.2-1711 - Examination of the Association; annual report.
- 38.2-1712 - Tax exemptions.
- 38.2-1713 - Immunity.
- 38.2-1714 - Stay of proceedings; reopening default judgments.
- 38.2-1715 - Prohibited advertisement of Association coverage in insurance sales; notice to policy owners.
- 38.2-1716 - Purpose and applicability of article.
- 38.2-1717 - Safety fund.
- 38.2-1718 - Financing the safety fund, maximum amount, distribution of excess.
- 38.2-1719 - Investment of safety fund.
- 38.2-1720 - Use of safety fund, repayment, etc.
- 38.2-1721 - Association as a fiduciary.
- Chapter 18 - Insurance Agents (38.2-1800 thru 38.2-1874)
- 38.2-1800 - Definitions.
- 38.2-1800.1 - Proof of residency.
- 38.2-1801 - Person soliciting insurance deemed agent of insurer; prohibition against misrepresenting agency relationship.
- 38.2-1802 - Acting as agent for unlicensed insurer prohibited; penalties.
- 38.2-1803 - Description unavailable
- 38.2-1804 - Blank forms.
- 38.2-1805 - Acceptance by insurance agents of premiums in arrears; how advance premiums recorded.
- 38.2-1806 - Interest with respect to credit extended or money lent for premiums on certain policies.
- 38.2-1807 - Sale of accident airtrip insurance by means of vending machines.
- 38.2-1808 - All agreements to be expressed in contract.
- 38.2-1809 - Power of Commission to investigate affairs of persons engaged in insurance business; penalties for refusal to permit investigation.
- 38.2-1810 - Report of acts deemed larceny under § 18.2-111; privileged communications; attorney for the Commonwealth to be informed.
- 38.2-1811 - Description unavailable
- 38.2-1812 - Payment and sharing of commissions.
- 38.2-1812.1 - Placement of insurance for public bodies.
- 38.2-1812.2 - Administrative charges in excess of premium prohibited; exceptions.
- 38.2-1813 - Reporting and accounting for premiums.
- 38.2-1814 - License required of resident property and casualty insurance agent and resident personal lines agent.
- 38.2-1814.1 - License required of resident title insurance agent.
- 38.2-1815 - License required of resident life and annuities agent.
- 38.2-1815.1 - License required of resident health agent.
- 38.2-1816 - Description unavailable
- 38.2-1817 - Examination for license; fee required; when fee forfeited.
- 38.2-1818 - Individual moving from another state or Canadian province.
- 38.2-1819 - Application for license; fee required.
- 38.2-1820 - Issuance of license.
- 38.2-1821 - Revocation, etc., of license revokes appointment.
- 38.2-1821.1 - Exceptions to licensing.
- 38.2-1822 - License required of individual and business entity agents; individual acting for business entity licensee.
- 38.2-1823 - Penalty for acting for insurer, joint underwriting association, etc., when not licensed.
- 38.2-1824 - Kinds of agents' licenses and appointments issued.
- 38.2-1825 - Duration and termination of licenses and appointments.
- 38.2-1826 - Requirement to report to Commission.
- 38.2-1827 - Appointment may include one or more classes of insurance.
- 38.2-1828 - Selling accident and sickness insurance.
- 38.2-1829 - Description unavailable
- 38.2-1830 - Temporary licenses and appointments; when issued.
- 38.2-1831 - Grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license.
- 38.2-1832 - Refusal to issue and revocation of license; hearing; new application.
- 38.2-1833 - Appointments of agents.
- 38.2-1834 - Duration of appointment; annual renewal of agent's appointment.
- 38.2-1834.1 - Notification to Commission of termination; notice to agent; immunities; confidentiality; penalties.
- 38.2-1835 - Failure to appoint.
- 38.2-1836 - Licensing nonresidents; reciprocal agreements with other states and Canadian provinces.
- 38.2-1836.1 - Authority of Commission to delegate certain functions.
- 38.2-1837 - Definitions.
- 38.2-1838 - License required of consultants.
- 38.2-1839 - Contract required; placement of insurance for public bodies.
- 38.2-1840 - Annual renewal application and fee.
- 38.2-1841 - Termination, suspension or revocation of license.
- 38.2-1842 - Requirement to report to Commission.
- 38.2-1843 - Grounds for placing on probation, refusal to issue or renew, revocation or suspension of license.
- 38.2-1844 - Refusal to issue and revocation of license; hearing; new application.
- 38.2-1845 - Licensing nonresidents; reciprocal agreements with other states and Canadian provinces.
- 38.2-1846 - through 38.2-1857
- 38.2-1857.1 - Property and casualty insurance agents may be licensed as surplus lines brokers for certain insurance from unlicensed insurers.
- 38.2-1857.2 - Applications for surplus lines brokers' licenses.
- 38.2-1857.3 - Fees for surplus lines brokers' licenses.
- 38.2-1857.4 - Term of licenses; renewal.
- 38.2-1857.5 - Requirement to report to Commission.
- 38.2-1857.6 - Accepting and placing surplus lines business.
- 38.2-1857.7 - Grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license.
- 38.2-1857.8 - Refusal to issue and revocation of license; hearing; new application.
- 38.2-1857.9 - Licensing nonresidents; clerk of the Commission to be appointed agent for service of process; reciprocal agreements with other states and Canadian provinces.
- 38.2-1858 - through 38.2-1865
- 38.2-1865.1 - License required for viatical settlement brokers; Commission's authority; conditions.
- 38.2-1865.2 - Grounds for placing on probation, refusal to issue or renew, revocation, or suspension of license.
- 38.2-1865.3 - Refusal to issue and revocation of license; hearing; new application.
- 38.2-1865.4 - Licensing nonresidents; reciprocal agreements with other states and Canadian provinces.
- 38.2-1865.5 - Requirement to report to Commission.
- 38.2-1865.6 - through 38.2-1865.13
- 38.2-1866 - Continuing education requirements.
- 38.2-1867 - Insurance continuing education board; approval of credits.
- 38.2-1868 - Description unavailable
- 38.2-1868.1 - Proof of compliance; late filing penalties, exemption or waiver.
- 38.2-1869 - Failure to satisfy requirements; termination of license.
- 38.2-1870 - Waiver of continuing education requirements.
- 38.2-1871 - Licensees exempt from continuing education requirements of article.
- 38.2-1872 - Administrative duties of Board; transfer to outside administrator.
- 38.2-1873 - Continuing insurance education fees.
- 38.2-1874 - Continuing education program; plan of operation; approval by Commission.
- Chapter 19 - Regulation of Rates Generally (38.2-1900 thru 38.2-1928)
- 38.2-1900 - Purposes of chapter.
- 38.2-1901 - Definitions.
- 38.2-1902 - Scope of chapter.
- 38.2-1903 - Exemptions.
- 38.2-1903.1 - Exemptions of large commercial risks.
- 38.2-1904 - Rate standards.
- 38.2-1905 - Motor vehicle insurer not to charge points or increase premiums in certain instances.
- 38.2-1905.1 - , 38.2-1905.2
- 38.2-1906 - Filing and use of rates.
- 38.2-1906.1 - Misquote of premium.
- 38.2-1907 - Filings open to inspection.
- 38.2-1908 - Rate making and delegation of filing obligation.
- 38.2-1909 - Review of rates by Commission.
- 38.2-1910 - Disapproval of rates.
- 38.2-1911 - Special restrictions on individual insurers.
- 38.2-1912 - Delayed effect of rates; certification of reinsurance with affiliated company.
- 38.2-1912.1 - Approval of prospective loss costs and supplementary rate information; § 38.2-119 rate filings.
- 38.2-1913 - Operation and control of rate service organizations.
- 38.2-1914 - Licensing of rate service organizations.
- 38.2-1915 - Joint underwriting or joint reinsurance organizations.
- 38.2-1916 - Certain conduct by insurers and rate service organizations prohibited.
- 38.2-1916.1 - Investigation by Attorney General of suspected violations; investigative demand to witnesses; access to business records, etc.; penalties.
- 38.2-1916.2 - Penalties; injunctive relief; restitution.
- 38.2-1917 - Injunctive relief.
- 38.2-1918 - Agreements for equitable apportionment of insurance.
- 38.2-1919 - Collection of experience data; uniformity; compilations available to insurers and rate service organizations.
- 38.2-1919.1 - Interchange of rating data and information.
- 38.2-1920 - Excess rate for a specific risk.
- 38.2-1921 - Combination policies.
- 38.2-1921.1 - Professional employer organization workers' compensation rating.
- 38.2-1922 - No rule prohibiting or regulating payment of dividends, etc., to be adopted.
- 38.2-1923 - Person aggrieved by application of rating system to be heard; appeal to Commission.
- 38.2-1924 - Cooperation among rate service organizations, or among rate service organizations and insurers, authorized; review by Commission.
- 38.2-1925 - Examination of rate service organizations and joint underwriting and joint reinsurance organizations.
- 38.2-1926 - Action of Commission upon request for hearing on order or decision made without a hearing.
- 38.2-1927 - Withholding information; giving false or misleading information.
- 38.2-1928 - Violations of chapter.
- Chapter 20 - Regulation of Rates for Certain Types of Insurance (38.2-2000 thru 38.2-2027)
- 38.2-2000 - Purposes of chapter.
- 38.2-2000.1 - Definitions.
- 38.2-2001 - Insurance to which chapter applies.
- 38.2-2002 - Joint underwriting and joint reinsurance.
- 38.2-2002.1 - Residual market mechanism; reinsurance pool.
- 38.2-2003 - Rate filings by insurer; supporting information.
- 38.2-2004 - Filings by rate service organization.
- 38.2-2005 - Provisions governing making of rates.
- 38.2-2006 - Approval by Commission prerequisite to use of filing.
- 38.2-2006.1 - Approval by the Commission for credit property and credit involuntary unemployment insurance rates.
- 38.2-2007 - Commission to determine if notice of filing to be published; hearing; approval or disapproval.
- 38.2-2008 - Review of rates by Commission.
- 38.2-2009 - Description unavailable
- 38.2-2010 - Suspension or modification of requirement for filing.
- 38.2-2011 - Interchange of rating data and information.
- 38.2-2012 - Collection of experience data; uniformity; compilations available to insurers and rate service organizations.
- 38.2-2013 - Excess rate for specific risk.
- 38.2-2014 - Contract or policy to accord with filings.
- 38.2-2015 - Agreements for equitable apportionment of insurance; reasonable performance standards; Virginia Workers' Compensation Insurance Plan.
- 38.2-2016 - Information regarding rates to be furnished insured.
- 38.2-2017 - No rule prohibiting or regulating payment of dividends, etc., to be adopted.
- 38.2-2018 - Person aggrieved by application of rating system to be heard; appeal to Commission.
- 38.2-2019 - Cooperation among rate service organizations, or among rate service organizations and insurers, authorized; review by Commission.
- 38.2-2020 - Rate service organization may procure actuarial, technical or other services.
- 38.2-2021 - Examination of policies or other evidences of insurance.
- 38.2-2022 - Advisory organizations defined.
- 38.2-2023 - What to be filed with Commission by advisory organization.
- 38.2-2024 - Unfair acts or practices of advisory organization.
- 38.2-2025 - Statistics or recommendations by advisory organization not complying with this article or order of Commission.
- 38.2-2026 - Action of Commission upon request for hearing on order or decision made without a hearing.
- 38.2-2027 - Withholding information; giving false or misleading information.
- Chapter 21 - Fire Insurance Policies (38.2-2100 thru 38.2-2128)
- 38.2-2100 - Application of chapter.
- 38.2-2101 - Policies shall conform to provisions of this chapter.
- 38.2-2102 - Excluding loss or damage caused by nuclear reaction, nuclear radiation, or radioactive contamination.
- 38.2-2103 - Information to be printed on policy.
- 38.2-2104 - Standard insuring agreement for fire insurance policies.
- 38.2-2105 - Standard provisions, conditions, stipulations and agreements for such policies.
- 38.2-2106 - Standard form for execution of policies.
- 38.2-2107 - Commission may establish guidelines for filing readable fire insurance policy forms.
- 38.2-2108 - Standards for content of fire insurance policies.
- 38.2-2109 - Execution of policies.
- 38.2-2110 - Other matter permitted in the policy.
- 38.2-2111 - Special regulations to be added to policy.
- 38.2-2112 - Temporary insurance contracts; duration; what deemed to include.
- 38.2-2113 - Mailing or electronic delivery of notice of cancellation or refusal to renew.
- 38.2-2114 - Grounds and procedure for termination of policy; contents of notice; review by Commissioner; exceptions; immunity from liability.
- 38.2-2114.1 - Powers of Commission; replacement policies.
- 38.2-2115 - Discrimination in issuance of fire insurance.
- 38.2-2116 - Policies issued by two or more insurers.
- 38.2-2117 - Approval of forms or provisions for additional coverage.
- 38.2-2118 - Required statement on insurance policies for owner-occupied dwellings.
- 38.2-2119 - Approval of forms or provisions for certain risks.
- 38.2-2120 - Optional coverage to be offered with homeowner's policy.
- 38.2-2121 - When courts may appoint umpires.
- 38.2-2122 - Appraisers and umpire to be citizens of Virginia; oath to be taken.
- 38.2-2123 - Chapter not applicable to certain mutual insurers.
- 38.2-2124 - Optional coverage to be offered with fire insurance policy.
- 38.2-2125 - Notice regarding flood exclusion.
- 38.2-2126 - Insurance credit score disclosure; use of credit information.
- 38.2-2127 - Notice of change in deductible.
- 38.2-2128 - Certain exclusions permitted.
- Chapter 22 - Liability Insurance Policies (38.2-2200 thru 38.2-2234)
- 38.2-2200 - Required provisions as to insolvency or bankruptcy, and as to when action maintained against insurer.
- 38.2-2201 - Provisions for payment of medical expense and loss of income benefits.
- 38.2-2202 - Required notice of optional coverage available.
- 38.2-2203 - Policy providing for reimbursement for services that may be performed by certain practitioners other than physicians.
- 38.2-2204 - Liability insurance on motor vehicles, aircraft and watercraft; standard provisions; "omnibus clause.".
- 38.2-2205 - Liability insurance on motor vehicles; standard provisions; applicability of other valid and collectible insurance.
- 38.2-2205.1 - Suspension of liability coverage at insured's request.
- 38.2-2206 - Uninsured motorist insurance coverage.
- 38.2-2207 - No policy to exclude coverage to employee.
- 38.2-2208 - Notices of cancellation of or refusal to renew motor vehicle insurance policies.
- 38.2-2209 - Motor vehicle liability medical benefit insurer not to retain right of subrogation to recover from third party.
- 38.2-2210 - Warning concerning cancellation to appear on application for motor vehicle liability insurance; reason for cancellation or nonrenewal required on application.
- 38.2-2211 - Motor vehicle liability insurer not to receive credit for other medical expense insurance.
- 38.2-2212 - Grounds and procedure for cancellation of or refusal to renew motor vehicle insurance policies; review by Commissioner.
- 38.2-2212.1 - Powers of Commission; replacement policies.
- 38.2-2213 - Discrimination in issuance of motor vehicle insurance.
- 38.2-2213.1 - Certain action prohibited when motor vehicle owner fails to allow access to recorded data from recording device.
- 38.2-2214 - Statement defining rate classifications to be provided by insurer to insured.
- 38.2-2215 - Failure to issue or failure to renew motor vehicle liability insurance on the basis of a motor vehicle's age prohibited.
- 38.2-2216 - Medical benefit offset against liability or uninsured motorist coverage prohibited.
- 38.2-2217 - Reduction in rates for certain persons who attend motor vehicle crash prevention courses and driver improvement clinics.
- 38.2-2217.1 - Insurers required to renew motor vehicle liability coverage for vanpools; exceptions.
- 38.2-2218 - Adoption of standard forms for motor vehicle insurance.
- 38.2-2219 - Hearing on objections to the form.
- 38.2-2220 - Use of form after adoption.
- 38.2-2221 - Amendment of standard form.
- 38.2-2222 - Withdrawal of form.
- 38.2-2223 - Variations of, or additions to, form.
- 38.2-2224 - Commission to establish guidelines for filing readable motor vehicle insurance policy forms.
- 38.2-2225 - Sending copies of orders to companies affected.
- 38.2-2226 - Insurer to give notice to claimant of intention to rely on certain defenses and of execution of nonwaiver of rights agreement.
- 38.2-2226.1 - Insurer to give notice of settlement of claim.
- 38.2-2227 - Aircraft liability policy not to deny coverage for violation of federal or civil regulations, etc.; permitted exclusions or conditions.
- 38.2-2228 - , .1
- 38.2-2228.2 - Certain medical malpractice claims to be reported to the Commission.
- 38.2-2229 - Claims-made liability insurance.
- 38.2-2230 - Mandatory offer of rental reimbursement coverage.
- 38.2-2231 - Physical damage arbitration between insurers; alternate forums.
- 38.2-2232 - Liability insurance on private pleasure watercraft; optional coverage.
- 38.2-2233 - Installment payments of motor vehicle insurance.
- 38.2-2234 - Insurance credit score disclosure; use of credit information.
- Chapter 23 - Legal Services Insurance (38.2-2300)
- Chapter 24 - Fidelity and Surety Insurance (38.2-2400 thru 38.2-2420)
- 38.2-2400 - Class of insurance to which chapter applies.
- 38.2-2401 - Fidelity and surety insurer defined.
- 38.2-2402 - Fidelity and surety insurer not to transact insurance without appropriate license.
- 38.2-2403 - Limitation of liability on risks.
- 38.2-2404 - Limit when penalty of bond exceeds actual exposure to risk.
- 38.2-2405 - When insurer accepted as surety.
- 38.2-2406 - Requirements deemed met by insurer.
- 38.2-2407 - Sureties with respect to guaranteed arrest bond certificates of automobile clubs and associations.
- 38.2-2408 - Guaranteed arrest bond certificate to be accepted in lieu of cash bail in event of violation of motor vehicle laws.
- 38.2-2409 - Agreement for joint control of money and assets.
- 38.2-2410 - Expense of securing bond to be allowed in settlements; exceptions.
- 38.2-2411 - Furnishing court clerks with information as to licensed insurers.
- 38.2-2412 - Notice to clerks of revocation of licenses.
- 38.2-2412.1 - Notice to Department of Criminal Justice Services of revocation of property and casualty insurance license.
- 38.2-2412.2 - Surety bail bondsman; notice to Department of Criminal Justice Services of violations.
- 38.2-2413 - Release of insurers from liability; rights and remedies.
- 38.2-2414 - Insurer estopped to deny power to assume liability.
- 38.2-2415 - Where civil proceedings may be instituted.
- 38.2-2416 - Power of attorney to be recorded or attached; filing with the Department of Criminal Justice Services.
- 38.2-2417 - Continuance of power; revocation.
- 38.2-2418 - Recordation of instrument of revocation.
- 38.2-2419 - Marginal notation of revocation; indexing.
- 38.2-2420 - Bonds executed under power of attorney binding on insurer.
- Chapter 25 - Mutual Assessment Property and Casualty Insurers (38.2-2500 thru 38.2-2529)
- 38.2-2500 - Scope of chapter.
- 38.2-2501 - Definitions.
- 38.2-2502 - Mutual assessment insurance authorized.
- 38.2-2503 - Classes of insurance that may be written by mutual assessment property and casualty insurers; minimum surplus to policyholders required.
- 38.2-2504 - Property beyond authorized territory.
- 38.2-2505 - Risks limited to those specified in this chapter; personal liability for loss.
- 38.2-2506 - What laws applicable.
- 38.2-2507 - Conversion of mutual assessment property and casualty insurers.
- 38.2-2508 - Incorporation of insurers.
- 38.2-2509 - Directors; terms; annual meetings; voting; executive committee.
- 38.2-2510 - Officers.
- 38.2-2511 - How license obtained.
- 38.2-2512 - Who may become members.
- 38.2-2513 - Withdrawal and exclusion of members.
- 38.2-2514 - Procedure upon exclusion of member.
- 38.2-2515 - Insurers to maintain membership of 100 or more; license suspended or revoked if membership not maintained; rehabilitation or liquidation.
- 38.2-2516 - Issuance of policies; bylaws as part of contract.
- 38.2-2517 - Policy forms to be filed.
- 38.2-2518 - Assessment contract.
- 38.2-2519 - Classification of risks; rates.
- 38.2-2520 - Right to limit assessment liability.
- 38.2-2521 - Notice of assessment; how given.
- 38.2-2522 - Action to recover assessments; penalty.
- 38.2-2523 - Notice of loss and adjustment.
- 38.2-2524 - Proceeding when loss or damage exceeds cash on hand.
- 38.2-2525 - Agents licenses required.
- 38.2-2526 - Surplus to policyholders.
- 38.2-2527 - Limitation on single risk to be assumed.
- 38.2-2528 - Reinsurance.
- 38.2-2529 - Unearned premium reserves required.
- Chapter 26 - Home Protection Companies and Home Service Contract Providers (38.2-2600 thru 38.2-2628)
- 38.2-2600 - Definitions.
- 38.2-2601 - Exemptions.
- 38.2-2602 - Limited applicability to certain insurers.
- 38.2-2603 - License required; application; fee.
- 38.2-2604 - Qualification for license; net worth; deposit of securities with State Treasurer.
- 38.2-2605 - Expiration and renewal of license.
- 38.2-2606 - Reserves required.
- 38.2-2607 - Annual statements.
- 38.2-2608 - Home protection contracts; filing; form and contents; application or agreement to purchase; regulation of rates and charges.
- 38.2-2609 - Qualifications of agents.
- 38.2-2610 - Cancellation of home protection contracts.
- 38.2-2611 - Unfair discrimination.
- 38.2-2612 - Unfair trade practices.
- 38.2-2613 - Application of insurance laws.
- 38.2-2614 - Fronting not permitted.
- 38.2-2615 - Other insurance transactions prohibited.
- 38.2-2616 - Binding arbitration provisions in contract.
- 38.2-2617 - Definitions.
- 38.2-2618 - Exemptions.
- 38.2-2619 - Requirements for doing business.
- 38.2-2620 - Required disclosures regarding reimbursement insurance policies.
- 38.2-2621 - Required disclosures regarding home service contracts.
- 38.2-2622 - Financial statements.
- 38.2-2623 - Prohibited acts.
- 38.2-2624 - Examinations.
- 38.2-2625 - Cancellation of reimbursement insurance policy.
- 38.2-2626 - Obligation of reimbursement insurance policy insurers.
- 38.2-2627 - Enforcement.
- 38.2-2628 - Severability.
- Chapter 27 - Basic Property Insurance Residual Market Facility and Joint Underwriting Association (38.2-2700 thru 38.2-2713)
- 38.2-2700 - Purposes of chapter.
- 38.2-2701 - Definitions.
- 38.2-2702 - Establishment of residual market facility.
- 38.2-2703 - Rules, rates, policy forms and endorsements subject to the approval of Commission.
- 38.2-2704 - Inspection of property.
- 38.2-2705 - Operation of inspection service.
- 38.2-2706 - Service of process.
- 38.2-2707 - When Commission may order implementation of §§ 38.2-2708 and
- 38.2-2708 - Creation and plan of operation of joint underwriting association.
- 38.2-2709 - Ceding basic property insurance to association; participation of members; governing body.
- 38.2-2710 - Supervision and regulation by Commission.
- 38.2-2711 - Immunity from liability; reports, etc., not public documents.
- 38.2-2712 - Appeal from decision of inspection service, residual market facility or joint underwriting association.
- 38.2-2713 - Obligations not to be impaired in event of repeal of chapter.
- Chapter 28 - Medical Malpractice Joint Underwriting Association (38.2-2800 thru 38.2-2814)
- 38.2-2800 - Definitions.
- 38.2-2801 - Association activation; members; purpose; determinations by Commission; powers of association.
- 38.2-2802 - Dissolution.
- 38.2-2803 - Directors.
- 38.2-2804 - Plan of operation.
- 38.2-2805 - Medical and hospital advisory committees.
- 38.2-2806 - Policy forms; applicants to be issued policies; cancellation of policies; rates; examination of business of association.
- 38.2-2807 - Stabilization reserve fund.
- 38.2-2808 - Participation in association by insurers.
- 38.2-2809 - Review of actions or decisions of association.
- 38.2-2810 - Annual statements.
- 38.2-2811 - Examination into affairs of association.
- 38.2-2812 - Public officers or employees.
- 38.2-2813 - Commissions for placing and servicing risk with association.
- 38.2-2814 - Liability.
- Chapter 29 - Commercial Liability Insurance Joint Underwriting Association (38.2-2900 thru 38.2-2913)
- 38.2-2900 - Definitions.
- 38.2-2900.1 - Market assistance plan.
- 38.2-2901 - Association activation; members; purpose; determinations by Commission; powers of Association.
- 38.2-2902 - Dissolution.
- 38.2-2903 - Directors.
- 38.2-2904 - Plan of operation.
- 38.2-2905 - Policy forms; applicants to be issued policies; cancellation of policies; rates; group retrospective rating plan; examination of business of Association.
- 38.2-2906 - Stabilization reserve fund.
- 38.2-2907 - Participation in Association by insurers.
- 38.2-2908 - Review of actions or decisions of Association.
- 38.2-2909 - Annual statements.
- 38.2-2910 - Annual examination into affairs of Association.
- 38.2-2911 - Public officers or employees.
- 38.2-2912 - Commissions for placing and servicing risk with Association.
- 38.2-2913 - Liability.
- Chapter 30 - Uninsured Motorists Fund (38.2-3000 thru 38.2-3001)
- Chapter 31 - Life Insurance (38.2-3100 thru 38.2-3144)
- 38.2-3100 - Scope of chapter.
- 38.2-3100.1 - Forms of insurance authorized.
- 38.2-3100.2 - Funding agreements.
- 38.2-3100.3 - Requirements of life insurance or annuity contracts used to fund preneed funeral contracts.
- 38.2-3101 - Legal reserve insurers.
- 38.2-3102 - Domestic insurers prohibited from insuring lives and persons of residents of "reciprocal states.".
- 38.2-3103 - Fraudulent procurement of policy; penalty.
- 38.2-3104 - No policy to be issued purporting to take effect more than six months before application made; conversion permitted.
- 38.2-3105 - What contracts with respect to life insurance may be made by minors.
- 38.2-3106 - Suicide and execution not grounds of defense; exception.
- 38.2-3107 - Incontestability of certain policies.
- 38.2-3108 - Misstatement of age.
- 38.2-3109 - Contestability of reinstated policy.
- 38.2-3110 - Incontestability not applicable to excluded or restricted coverage.
- 38.2-3111 - Assignment of life insurance policies.
- 38.2-3112 - Designation of testamentary trustee as beneficiary.
- 38.2-3113 - Variable life insurance and variable annuities; separate accounts to be established; authority to issue; reports; special voting rights and procedures for owners.
- 38.2-3113.1 - Modified guaranteed life insurance and modified guaranteed annuities; separate accounts; authority to issue; statements required; regulations to be issued; approval expenses.
- 38.2-3113.2 - Qualified charitable gift annuities; issuance not business of insurance; disclosures to donors; unfair trade practices provisions not applicable.
- 38.2-3113.3 - Educational loan provisions in life insurance policies.
- 38.2-3114 - Statements required in variable life insurance and variable annuity contracts and certificates issued pursuant to group variable life insurance and group variable annuity contracts.
- 38.2-3115 - Interest on life insurance proceeds.
- 38.2-3115.1 - Accelerated payment of benefits.
- 38.2-3116 - Commission to establish standards for simplified and readable life insurance and annuity policies.
- 38.2-3117 - Standards for certain policies; prohibited policies.
- 38.2-3118 - Spendthrift trusts created under life insurance policies.
- 38.2-3119 - Limitation on § 38.2-3118.
- 38.2-3120 - Description unavailable
- 38.2-3121 - Segregation of proceeds not required.
- 38.2-3122 - Proceeds of policies payable to others free of claims against insured.
- 38.2-3123 - Amount of proceeds limited in certain cases.
- 38.2-3124 - Protection of insurers from creditor's claims.
- 38.2-3125 - Other rights of beneficiaries and assignees protected.
- 38.2-3126 - Annual valuation of reserves.
- 38.2-3127 - Acceptance of valuation of another state.
- 38.2-3127.1 - Actuarial opinion of reserves.
- 38.2-3128 - Decrease of standards higher than minimum.
- 38.2-3129 - Minimum valuation standard for policies issued prior to certain dates.
- 38.2-3130 - Minimum valuation standard of policies subsequently issued.
- 38.2-3131 - Minimum valuation standard for annuities subsequently issued.
- 38.2-3132 - Computation of minimum valuation standard of policies subsequently issued.
- 38.2-3133 - Calendar year statutory valuation interest rates.
- 38.2-3134 - Weighting factors.
- 38.2-3135 - Reference interest rate.
- 38.2-3136 - Alternative method for determining reference interest rates.
- 38.2-3137 - Reserve valuation method - Life insurance and endowment benefits.
- 38.2-3138 - Same - Annuity and pure endowment benefits.
- 38.2-3139 - Minimum reserves.
- 38.2-3140 - Optional reserve calculation.
- 38.2-3141 - Reserve calculation - Valuation net premium exceeding the gross premium charge.
- 38.2-3142 - Same - Indeterminate premium plans.
- 38.2-3143 - Assessment against insurers whose policies are valued.
- 38.2-3144 - Article not applicable in certain cases.
- Chapter 32 - Standard Nonforfeiture Provisions for Life Insurance (38.2-3200 thru 38.2-3229)
- 38.2-3200 - Nonforfeiture benefits and cash surrender values in life policies issued prior to operative date stated in § 38.2-3214.
- 38.2-3201 - Same; for industrial life policies.
- 38.2-3202 - Standard nonforfeiture law; required policy provisions.
- 38.2-3203 - Same; cash surrender value in case of default.
- 38.2-3204 - Same; present value of paid-up nonforfeiture benefits on default.
- 38.2-3205 - Same; calculation of adjusted premiums.
- 38.2-3206 - Same; tables used for calculations.
- 38.2-3207 - Same; use of new mortality table; ordinary policies.
- 38.2-3208 - Same; industrial policies.
- 38.2-3209 - Same; adjusted premiums for policies.
- 38.2-3210 - Same; life insurance providing future premium determination.
- 38.2-3211 - Same; other factors in calculations.
- 38.2-3212 - Same; policies issued on or after January 1, 1986.
- 38.2-3213 - Same; exemptions from application of certain sections.
- 38.2-3214 - Same; operative date.
- 38.2-3215 - Same; operative date for § 38.2-3207.
- 38.2-3216 - Same; operative date for § 38.2-3208.
- 38.2-3217 - Loan provisions in policies issued prior to operative date stated in § 38.2-3214.
- 38.2-3218 - Same; in policies subsequently issued.
- 38.2-3219 - Applicability.
- 38.2-3220 - Nonforfeiture requirements.
- 38.2-3221 - Minimum values.
- 38.2-3222 - Computation of present value.
- 38.2-3223 - Calculation of cash surrender values.
- 38.2-3224 - Calculation of paid-up annuity benefits.
- 38.2-3225 - Maturity date.
- 38.2-3226 - Disclosure of limited death benefits.
- 38.2-3227 - Inclusion of lapse of time considerations.
- 38.2-3228 - Proration of values; additional benefits.
- 38.2-3229 - Effective date.
- Chapter 33 - Life Insurance Policies (38.2-3300 thru 38.2-3354)
- 38.2-3300 - Requirements; exceptions.
- 38.2-3301 - Ten-day right to examine policy.
- 38.2-3301.1 - Delivery of individual life insurance policies.
- 38.2-3302 - How premiums payable.
- 38.2-3303 - Grace period.
- 38.2-3304 - Policy constitutes entire contract; statements deemed representations.
- 38.2-3305 - Incontestability.
- 38.2-3306 - Misstatement of age.
- 38.2-3307 - Participation in surplus.
- 38.2-3308 - Policy loans.
- 38.2-3309 - Nonforfeiture benefits and cash surrender values.
- 38.2-3310 - Table of values and options.
- 38.2-3311 - Reinstatement.
- 38.2-3312 - Settlement.
- 38.2-3313 - Table of installments.
- 38.2-3314 - Title.
- 38.2-3315 - Variations for certain forms of policies; providing more favorable terms.
- 38.2-3316 - Provisions prohibited.
- 38.2-3317 - Provisions required by other jurisdictions.
- 38.2-3318 - Description unavailable
- 38.2-3318.1 - Group life insurance requirements.
- 38.2-3319 - Description unavailable
- 38.2-3319.1 - Limits of group life insurance.
- 38.2-3319.2 - Review of records.
- 38.2-3320 - Description unavailable
- 38.2-3320.1 - Policies issued outside of the Commonwealth of Virginia.
- 38.2-3321 - Description unavailable
- 38.2-3321.1 - Requirements for those marketing group life insurance.
- 38.2-3322 - Description unavailable
- 38.2-3322.1 - Regulations.
- 38.2-3322.2 - Lives covered.
- 38.2-3323 - Group life insurance coverages of spouses, dependent children, and other persons.
- 38.2-3324 - Standard provisions required; exceptions.
- 38.2-3325 - Grace period.
- 38.2-3326 - Incontestability.
- 38.2-3327 - Entire contract; statements deemed representations.
- 38.2-3328 - Evidence of individual insurability.
- 38.2-3329 - Misstatement of age.
- 38.2-3330 - Payment of benefits.
- 38.2-3331 - Individual certificates.
- 38.2-3332 - Right to individual policy upon termination of employment or membership.
- 38.2-3333 - Right to individual policy upon termination of group policy or elimination of class of insured persons.
- 38.2-3334 - Death after termination of group insurance and before issuance of individual policy.
- 38.2-3335 - Additional persons becoming eligible.
- 38.2-3336 - Provisions required by other jurisdictions.
- 38.2-3337 - Assignment.
- 38.2-3338 - Provisions prohibited.
- 38.2-3339 - Exemption of group life insurance policies from legal process.
- 38.2-3340 - Definition of industrial life insurance.
- 38.2-3341 - Standard provisions required.
- 38.2-3342 - Ten-day right to examine policy.
- 38.2-3343 - Grace period.
- 38.2-3344 - Policy and application to constitute entire contract; statements deemed representations.
- 38.2-3345 - Incontestability.
- 38.2-3346 - Misstatement of age.
- 38.2-3347 - Nonforfeiture benefits and cash surrender values.
- 38.2-3348 - Reinstatement.
- 38.2-3349 - Table of nonforfeiture options.
- 38.2-3350 - Settlement.
- 38.2-3351 - Title.
- 38.2-3352 - Provisions not required in certain policies.
- 38.2-3353 - Provisions required by other jurisdictions.
- 38.2-3354 - Prohibited provisions.
- Chapter 34 - Provisions Relating to Accident and Sickness Insurance (38.2-3400 thru 38.2-3437)
- Chapter 35 - Accident and Sickness Insurance Policies (38.2-3500 thru 38.2-3555)
- Chapter 36 - Medicare Supplement Policies (38.2-3600 thru 38.2-3609)
- Chapter 37 - Credit Life Insurance and Credit Accident and Sickness Insurance (38.2-3700)
- Chapter 37.1 - Credit Life Insurance and Credit Accident and Sickness Insurance (38.2-3717 thru 38.2-3738)
- Chapter 38 - Cooperative Nonprofit Life Benefit Companies (38.2-3800 thru 38.2-3818)
- Chapter 39 - Mutual Assessment Life, Accident and Sickness Insurers (38.2-3900 thru 38.2-3923)
- Chapter 40 - Burial Societies (38.2-4000 thru 38.2-4022)
- Chapter 41 - Fraternal Benefit Societies (38.2-4100 thru 38.2-4137)
- Chapter 42 - Health Services Plans (38.2-4200 thru 38.2-4235)
- Chapter 43 - Health Maintenance Organizations (38.2-4300 thru 38.2-4323)
- Chapter 44 - Legal Services Plans (38.2-4400 thru 38.2-4418)
- Chapter 45 - Dental or Optometric Services Plans (38.2-4500 thru 38.2-4523)
- Chapter 46 - Title Insurance (38.2-4600 thru 38.2-4616)
- Chapter 47 - Insurance Premium Finance Companies (38.2-4700 thru 38.2-4712)
- Chapter 48 - Surplus Lines Insurance Law (38.2-4800 thru 38.2-4815)
- Chapter 49 - Continuing Care Provider Registration and Disclosure (38.2-4900 thru 38.2-4917)
- Chapter 50 - Virginia Birth-Related Neurological Injury Compensation Act (38.2-5000 thru 38.2-5021)
- Chapter 51 - Risk Retention Groups and Purchasing Groups (38.2-5100 thru 38.2-5115)
- Chapter 52 - Long-Term Care Insurance (38.2-5200 thru 38.2-5210)
- Chapter 53 - Private Review Agents (38.2-5300)
- Chapter 54 - Utilization Review Standards and Appeals (38.2-5400)
- Chapter 55 - Risk-Based Capital Act (38.2-5500 thru 38.2-5515)
- Chapter 56 - The Virginia Health Savings Account Plan (38.2-5600 thru 38.2-5604)
- Chapter 57 - Viatical Settlements Act (38.2-5700)
- Chapter 58 - Managed Care Health Insurance Plans (38.2-5800 thru 38.2-5811)
- Chapter 59 - Independent External Review of Adverse Utilization Review Decisions (38.2-5900 thru 38.2-5905)
- Chapter 60 - Viatical Settlements Act (38.2-6000 thru 38.2-6016)
- Chapter 61 - Dental Plan Organizations (38.2-6100 thru 38.2-6113)
- Chapter 62 - Interstate Insurance Product Regulation Compact (38.2-6200 thru 38.2-6201)
- Chapter 63 - Health Care Sharing Ministries (38.2-6300 thru 38.2-6301)