79644138.2-3717Virginia Decodedhttps://vacode.org2016InsuranceCredit Life Insurance And Credit Accident And Sickness InsuranceScope1960, c. 67, § 38.1-482.1; 1972, c. 527, § 38.2-3700; 1982, c. 223; 1986, c. 562; 1990, c. 236; 1992, c. 586.All life insurance and all accident and sickness insurance issued or sold in connection with loans or other credit transactions shall be subject to the provisions of this chapter except:section1 Such insurance issued in connection with a loan or other credit transaction of more than ten years duration;section112 Such insurance written in connection with a credit transaction that is:
section222 Secured by a first mortgage or deed of trust; andsection2a2a3 Made to finance the purchase of real property or the construction of a dwelling thereon, or to refinance a prior credit transaction made for such a purpose;section2b2b3 Where the issuance of such insurance is an isolated transaction on the part of the insurer not related to an agreement or a plan for insuring debtors of the creditor.section332http://law.lis.virginia.gov/vacode/38.2-3717//38.2-3717/38.2/37.1/38.2-371738.2-220138.2-3115.18.01-27.5