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Accelerated payment of benefits (§ 38.2-3115.1)
2016A Except as set forth in subsection C of this section, each insurer issuing a life insurance policy in the Commonwealth may include a policy provision for accelerated payment of benefits to the insured during the lifetime of the insured: B The Commi . . .
Ten-day right to examine policy (§ 38.2-3301)
2016No individual 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, th . . .
Fire (§ 38.2-110)
2016“Fire insurance” means insurance against loss of or damage to any property resulting from fire, including loss or damage incident (i) to extinguishing a fire, or (ii) to the salvaging of property in connection with a fire. . . .
Certain mutual companies and societies not to become stock companies without approval of Commission (§ 38.2-1005)
2016No mutual insurance company, mutual assessment property and casualty insurer, cooperative nonprofit life benefit company, mutual assessment life, accident and sickness company, burial society, or fraternal benefit society shall be converted into a st . . .
Reporting and accounting for premiums (§ 38.2-1813)
2016A All premiums, return premiums, or other funds received in any manner by an agent or a surplus lines broker shall be held in a fiduciary capacity and shall be accounted for by such agent or surplus lines broker. The agent or surplus lines broker sha . . .
Policy forms; powers of Commission (§ 38.2-3501)
2016A Individual accident and sickness insurance policy forms and the rate manuals showing rules and classification of risks applicable to individual accident and sickness insurance policy forms shall be subject to the provisions of § 38.2-316. The Comm . . .
Tax exclusive of other taxes (§ 65.2-1005)
2016Any insurance carrier liable to pay a tax upon premiums under this title shall not be liable to pay any other or further tax upon such premiums, or on account thereof, under any other law of this Commonwealth, except as provided in §§ 65.2-1101, 65 . . .
Sovereign immunity (§ 15.2-7221)
2016No provisions of this chapter nor act of an authority, including the procurement of insurance or self-insurance, shall be deemed a waiver of any sovereign immunity to which the Authority or its directors, officers, employees, or agents are otherwise . . .
Duration of appointment; annual renewal of agent's appointment (§ 38.2-1834)
2016A A valid appointment of an agent shall authorize the agent to act for the insurer during the time for which the appointing insurer is licensed to do business in this Commonwealth, unless such appointment is otherwise terminated, suspended, or revoke . . .
Definitions (§ 36-55.26)
2016As used in this chapter the following words and terms have the following meanings, unless a different meaning clearly appears from the context:”Bonds,” “notes,” “bond anticipation notes,” and “other obligatio . . .