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Surplus to policyowners (§ 38.2-3920)
2016A A mutual assessment life, accident and sickness insurer shall have a minimum surplus to policyowners of $ 100,000. B In order to write the classes of insurance referred to in Category C of § 38.2-3902, minimum surplus to policyowners shall be $ 8 . . .
Penalty for acting for insurer, joint underwriting association, etc., when not licensed (§ 38.2-1823)
2016Any person submitting business, in violation of § 38.2-1822, while the person is not a holder of a valid agent’s license to transact the class of insurance involved shall be penalized a sum equal to the first year commission for the placement . . .
Bonds as legal investments (§ 15.2-7418)
2016Bonds issued by the Authority under the provisions of this act are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions and all insurance companies, trust companies, banking associat . . .
Temporary registration (§ 46.2-1542)
2016A Notwithstanding §§ 46.2-617 and 46.2-628, whenever a dealer licensed by the Board sells or conditionally sells and delivers to a purchaser a motor vehicle, the dealer may issue temporary license plates and a certificate of temporary registration. . . .
Condition or obligation of security (§ 46.2-2145)
2016The insurance, bond or other security provided for in § 46.2-2144 shall obligate the insurer or surety to pay any final judgment for (i) damages sustained by the shippers or consignees for injury to any passenger or passengers or for loss or damage . . .
Dependent coverage for individuals to age 26 (§ 38.2-3439)
2016A Notwithstanding any provision of § 38.2-3500 or 38.2-3525, or any other section of this title to the contrary, a health carrier that makes available dependent coverage for a child shall make that coverage available for a child until such child att . . .
Directors (§ 38.2-2803)
2016A The association shall be governed by a board of 14 directors. Two directors shall be appointed by each of the following three insurance industry trade associations: (i) the American Insurance Association; (ii) the Property Casualty Insurers Associa . . .
Excluding loss or damage caused by nuclear reaction, nuclear radiation, or radioactive contamination (§ 38.2-2102)
2016A The standard policy of fire insurance prescribed by this chapter shall not cover loss or damage caused by nuclear reaction, nuclear radiation, or radioactive contamination, whether resulting directly or indirectly from a peril insured under the pol . . .
Boycott, coercion and intimidation (§ 38.2-505)
2016No person shall enter into any agreement to commit, or by any concerted action commit, any act of boycott, coercion or intimidation resulting in or tending to result in unreasonable restraint of, or monopoly in, the business of insurance. . . .
Life (§ 38.2-102)
2016A “Life insurance” means insurance upon the lives of human beings. “Life insurance” includes policies that also provide (i) endowment benefits; (ii) additional benefits incidental to a loss in the event of death, dismemberment . . .