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§ 38.2-6406 GAP waivers not insurance

GAP waivers governed under this chapter are not insurance and are exempt from the insurance laws of the Commonwealth. Persons marketing, soliciting, negotiating, selling, or offering to sell GAP waivers that comply with this chapter are exempt from the Commonwealth’s licensing requirements.

History

This law was first created in 2019. The record of its establishment is cataloged in chapters 799 and 800 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year.

2019, cc. 799, 800.

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