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Additional licensing requirements for foreign insurers (§ 38.2-1033)
2016No foreign insurer shall be licensed to transact the business of insurance in this Commonwealth until it has filed with the Commission a certificate from the supervising insurance official of the state in which it is incorporated certifying that it i . . .
Application to State Corporation Commission for assignment of risk; insurer assigned risk to issue policy (§ 65.2-820)
2016Every employer subject to the provisions of this chapter who has been unable to obtain a workers’ compensation insurance policy shall have the right to apply to the State Corporation Commission to have his risk assigned to an insurance carrier . . .
Exclusion or reduction of benefits for certain causes prohibited (§ 38.2-3415)
2016No group accident and sickness insurance policy, nor any group subscription contract, delivered or issued for delivery in this Commonwealth or renewed, reissued or extended if already issued, shall contain any provision excluding or reducing the bene . . .
Several policies together meeting requirements of chapter (§ 46.2-478)
2016Several policies of one or more insurance carriers which together meet the requirements of this chapter shall be deemed a motor vehicle liability policy within the meaning of this chapter. . . .
Application of chapter (§ 38.2-2100)
2016This chapter applies only to contracts or policies of fire insurance, and contracts or policies of fire insurance in combination with other insurance coverages. . . .
Directors; terms; annual meetings; voting; executive committee (§ 38.2-2509)
2016As provided in the certificate or articles of incorporation and the bylaws, the management of any mutual assessment property and casualty insurer shall be vested in a board of at least five directors, each of whom shall be a member of the insurer. Ea . . .
Insurance coverage for exempted motor vehicles (§ 46.2-684.1)
2016If a motor vehicle, trailer, or semi-trailer that is exempt from motor vehicle registration requirements pursuant to this article is insured under a policy other than a policy of motor vehicle insurance as defined in § 38.2-124, such insurance polic . . .
(Effective October 1, 2016) Institutions; powers; borrowing upon endowment and other investments (§ 23.1-1105)
2016A Any institution may, with the approval of the Governor and upon the affirmative vote of at least two-thirds of its board, borrow sums that it deems necessary for and in the name of the institution and secure payment of such sums by the pledge of an . . .
Definitions (§ 38.2-1401)
2016As used in this chapter: “Hedging transaction” means: “High grade obligations” means obligations which (i) are rated one or two by the Securities Valuation Office of the National Association of Insurance Commissioners or . . .
Ten-day right to examine policy (§ 38.2-3342)
2016No industrial life insurance policy shall be delivered or issued for delivery in this Commonwealth unless it has printed on it a notice stating in substance that if during a ten-day period from the date the policy is delivered to the policyowner, the . . .