{"law_id":"788790","section_number":"38.2-2405","catch_line":"When insurer accepted as surety","history":"Code 1950, \u00a7 38-332; 1952, c. 317, \u00a7 38.1-643; 1986, c. 562.","order_by":null,"metadata":false,"court_decisions":{"0":{"name":"REVI, LLC v. Chicago Title Insurance Co.","case_number":"141562","citation":null,"date":"2015-09-17","url":"https:\/\/www.courtlistener.com\/opinion\/2959680\/revi-llc-v-chicago-title-insurance-co\/","abstract":" .\u202f.\u202f.  or a .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"}},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/38.2-2405\/","refers_to":false,"url":"\/38.2-2405\/","token":"38.2\/24\/1\/38.2-2405","structure":{"1":{"id":"1883","name":"General Provisions","identifier":"1","label":"article","url":"\/38.2\/24\/1\/"},"2":{"id":"1882","name":"Fidelity And Surety Insurance","identifier":"24","label":"chapter","url":"\/38.2\/24\/"},"3":{"id":"7","name":"Insurance","identifier":"38.2","label":"title","url":"\/38.2\/"}},"referred_to_by":false,"edition_id":"11","section_id":"788790","structure_id":"1883","full_text":"Any fidelity and surety insurer shall be accepted as surety upon any bond required by the laws of this Commonwealth or by any court, judge, public officer, board, or organization upon presentation of evidence satisfactory to the court, judge, or other officer authorized to approve the bond that the insurer is licensed to transact surety insurance.","text":{"0":{"id":"2545229","text":"Any fidelity and surety insurer shall be accepted as surety upon any bond required by the laws of this Commonwealth or by any court, judge, public officer, board, or organization upon presentation of evidence satisfactory to the court, judge, or other officer authorized to approve the bond that the insurer is licensed to transact surety insurance.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":{"1":{"id":"1883","name":"General Provisions","identifier":"1","label":"article","url":"\/38.2\/24\/1\/"},"2":{"id":"1882","name":"Fidelity And Surety Insurance","identifier":"24","label":"chapter","url":"\/38.2\/24\/"},"3":{"id":"7","name":"Insurance","identifier":"38.2","label":"title","url":"\/38.2\/"}},"structure_contents":{"0":{"id":"782221","structure_id":"1883","section_number":"38.2-2400","catch_line":"Class of insurance to which chapter applies","url":"\/38.2-2400\/","token":"38.2\/24\/1\/38.2-2400"},"1":{"id":"785104","structure_id":"1883","section_number":"38.2-2401","catch_line":"Fidelity and surety insurer defined","url":"\/38.2-2401\/","token":"38.2\/24\/1\/38.2-2401"},"2":{"id":"771414","structure_id":"1883","section_number":"38.2-2402","catch_line":"Fidelity and surety insurer not to transact insurance without appropriate license","url":"\/38.2-2402\/","token":"38.2\/24\/1\/38.2-2402"},"3":{"id":"771410","structure_id":"1883","section_number":"38.2-2403","catch_line":"Limitation of liability on risks","url":"\/38.2-2403\/","token":"38.2\/24\/1\/38.2-2403"},"4":{"id":"789106","structure_id":"1883","section_number":"38.2-2404","catch_line":"Limit when penalty of bond exceeds actual exposure to risk","url":"\/38.2-2404\/","token":"38.2\/24\/1\/38.2-2404"},"5":{"id":"788790","structure_id":"1883","section_number":"38.2-2405","catch_line":"When insurer accepted as surety","url":"\/38.2-2405\/","token":"38.2\/24\/1\/38.2-2405"},"6":{"id":"787265","structure_id":"1883","section_number":"38.2-2406","catch_line":"Requirements deemed met by insurer","url":"\/38.2-2406\/","token":"38.2\/24\/1\/38.2-2406"},"7":{"id":"796528","structure_id":"1883","section_number":"38.2-2407","catch_line":"Repealed","url":"\/38.2-2407\/","token":"38.2\/24\/1\/38.2-2407"},"8":{"id":"778122","structure_id":"1883","section_number":"38.2-2409","catch_line":"Agreement for joint control of money and assets","url":"\/38.2-2409\/","token":"38.2\/24\/1\/38.2-2409"},"9":{"id":"771870","structure_id":"1883","section_number":"38.2-2410","catch_line":"Expense of securing bond to be allowed in settlements; exceptions","url":"\/38.2-2410\/","token":"38.2\/24\/1\/38.2-2410"},"10":{"id":"785702","structure_id":"1883","section_number":"38.2-2411","catch_line":"Repealed","url":"\/38.2-2411\/","token":"38.2\/24\/1\/38.2-2411"},"11":{"id":"782503","structure_id":"1883","section_number":"38.2-2412","catch_line":"Notice to clerks of revocation of licenses","url":"\/38.2-2412\/","token":"38.2\/24\/1\/38.2-2412"},"12":{"id":"775498","structure_id":"1883","section_number":"38.2-2412.1","catch_line":"Notice to Department of Criminal Justice Services of revocation of property and casualty insurance license","url":"\/38.2-2412.1\/","token":"38.2\/24\/1\/38.2-2412.1"},"13":{"id":"788044","structure_id":"1883","section_number":"38.2-2412.2","catch_line":"Surety bail bondsman; notice to Department of Criminal Justice Services of violations","url":"\/38.2-2412.2\/","token":"38.2\/24\/1\/38.2-2412.2"},"14":{"id":"784113","structure_id":"1883","section_number":"38.2-2413","catch_line":"Release of insurers from liability; rights and remedies","url":"\/38.2-2413\/","token":"38.2\/24\/1\/38.2-2413"},"15":{"id":"793503","structure_id":"1883","section_number":"38.2-2414","catch_line":"Insurer estopped to deny power to assume liability","url":"\/38.2-2414\/","token":"38.2\/24\/1\/38.2-2414"},"16":{"id":"767279","structure_id":"1883","section_number":"38.2-2415","catch_line":"Where civil proceedings may be instituted","url":"\/38.2-2415\/","token":"38.2\/24\/1\/38.2-2415"}},"previous_section":{"id":"789106","structure_id":"1883","section_number":"38.2-2404","catch_line":"Limit when penalty of bond exceeds actual exposure to risk","url":"\/38.2-2404\/","token":"38.2\/24\/1\/38.2-2404"},"next_section":{"id":"787265","structure_id":"1883","section_number":"38.2-2406","catch_line":"Requirements deemed met by insurer","url":"\/38.2-2406\/","token":"38.2\/24\/1\/38.2-2406"},"references":false,"formats":{"txt":"\/38.2-2405.txt","json":"\/38.2-2405.json","xml":"\/38.2-2405.xml"},"dublin_core":{"Title":"When insurer accepted as surety","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-2405","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nWHEN INSURER ACCEPTED AS SURETY (\u00a7 38.2-2405)\n\nAny fidelity and surety insurer shall be accepted as surety upon any bond\nrequired by the laws of this Commonwealth or by any court, judge, public\nofficer, board, or organization upon presentation of evidence satisfactory to\nthe court, judge, or other officer authorized to approve the bond that the\ninsurer is licensed to transact surety insurance.\n\nHISTORY: Code 1950, \u00a7 38-332; 1952, c. 317, \u00a7 38.1-643; 1986, c. 562."}