CODE OF VIRGINIA

CANCELLATION OF HOME PROTECTION CONTRACTS (§ 38.2-2610)

A. No home protection contract shall be cancelable by the home protection
company 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 the
   contract; or

   3.  Contracts providing coverage prior to the time the residential property is
   purchased, provided that purchase of the property does not occur.

B. Nothing in this section establishes the right of a contract holder to renew
any contract.

HISTORY: 1981, c. 530, § 38.1-940; 1986, c. 562.