General Provisions

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This is Article 1 of the Code of Virginia, titled “General Provisions.” It is part of Chapter 24 “Fidelity and Surety Insurance”, which is part of Title 38.2 “Insurance”.

It’s comprised of the following 17 sections.

§ 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§ 38.2-2407	Repealed
§ 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§ 38.2-2411	Repealed
§ 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