CODE OF VIRGINIA

EFFECT OF UNFAIR CLAIMS SETTLEMENT PRACTICES ON SELF-INSURED MOTOR CARRIERS (§
46.2-2146)

The provisions of subdivisions 4, 6, 11 and 12 of subsection A of § 38.2-510
shall apply to each holder of a certificate of fitness or permit issued by and
under the authority of the Department who, in lieu of filing an insurance
policy, has deposited with the State Treasurer state, federal or municipal bonds
or has filed an unconditional letter of credit issued by a bank. The failure of
any such holder of a certificate or permit to comply with the provisions of §
38.2-510 shall be the cause for revocation or suspension of the certificate or
permit.

HISTORY: 2001, c. 596; 2011, cc. 881, 889.