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Validity of contracts in violation of law (§ 38.2-319)
2016Any insurance contract made in violation of the laws of this Commonwealth may be enforced against the insurer. . . .
Insurance of shares (§ 6.2-1332)
2016Every credit union authorized to do business in the Commonwealth shall insure its members’ shares with an approved insuring organization. A credit union that has been denied a commitment for insurance or fails to maintain insurance upon its sha . . .
No commission for treasurer (§ 22.1-119)
2016No treasurer shall receive any commission upon any money loaned from the Literary Fund, upon donations by individuals or foundations, upon funds from insurance on any school building destroyed by fire, upon money derived from the sale of school prope . . .
Revocation of death benefits by divorce or annulment (§ 20-111.1)
2016A Except as otherwise provided under federal law or law of this Commonwealth, upon the entry of a decree of annulment or divorce from the bond of matrimony on and after July 1, 1993, any revocable beneficiary designation contained in a then existing . . .
Funding of program; Hybrid Retirement Program Disability Insurance Trust Fund established (§ 51.1-1183)
2016A The costs of providing short-term disability benefits shall be paid by the respective employers of participating employees. Employers that are state agencies shall pay such costs from funds as shall be appropriated by law to state agencies. B Empl . . .
Required provisions in contract; election of governing authority; financial plan; management plan (§ 15.2-2705)
2016Any intergovernmental contract entered into pursuant to this chapter for the purpose of establishing a group self-insurance pool shall provide: . . .
Standards for certain policies; prohibited policies (§ 38.2-3117)
2016A Pursuant to the authority granted under § 38.2-223, the Commission may issue rules and regulations that may include but shall not be limited to policy provisions, definitions, standards for full and fair disclosure and standards for minimum benefi . . .
Licensees to keep records and file annual statement of policies (§ 38.2-4807)
2016A Every licensed surplus lines broker shall keep in his office a complete record of (i) each policy of insurance procured by him under this chapter during the previous calendar year; (ii) the name and address of the insurer or insurers; (iii) the inc . . .
Electronic delivery (§ 38.2-325)
2016A If parties have agreed to conduct business by electronic means, and the agent of record, if applicable, has been so notified by the insurer, any information that is required to be delivered in writing may be delivered by (i) placing such informatio . . .
C.I.F. and C. & F. terms (§ 8.2-320)
2016(1 The term C.I.F. means that the price includes in a lump sum the cost of the goods and the insurance and freight to the named destination. The term C. & F. or C.F. means that the price so includes cost and freight to the named destination. (2 . . .