State Codes and Statutes
Statutes > Virginia > Title-38-2 > Chapter-26 > 38-2-2610§ 38.2-2610. Cancellation of home protection contracts.
A. No home protection contract shall be cancelable by the home protectioncompany during the initial term for which it is issued, except for:
1. Nonpayment of premium;
2. Fraud or misrepresentation of facts material to the issuance of thecontract; or
3. Contracts providing coverage prior to the time the residential property ispurchased, provided that purchase of the property does not occur.
B. Nothing in this section establishes the right of a contract holder torenew any contract.
(1981, c. 530, § 38.1-940; 1986, c. 562.)
