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Acting as agent for unlicensed insurer prohibited; penalties (§ 38.2-1802)
2016A No person other than a licensed surplus lines broker shall sell, solicit, or negotiate contracts of insurance in this Commonwealth on behalf of any insurer which is not licensed to transact the business of insurance in this Commonwealth. Nothing in . . .
Contents of safe deposit box or other safekeeping repository (§ 55-210.3:3)
2016All tangible and intangible property held in a safe deposit box or any other safekeeping repository in this Commonwealth in the ordinary course of the holder’s business and all proceeds resulting from the lawful sale of this property shall be p . . .
Principal place of administration (§ 64.2-706)
2016A Without precluding other means for establishing a sufficient connection with the designated jurisdiction, terms of an inter vivos trust designating the principal place of administration are valid and controlling if: B Without precluding the right . . .
(Effective October 1, 2016) Gifts, bequests, and devises (§ 23.1-2214)
2016Any person may (i) deposit in the state treasury; (ii) bequeath money, stocks, or public bonds of any kind to be so deposited; or (iii) grant, devise, or bequeath property, real or personal, to be sold and the proceeds to be so deposited, in sums not . . .
Definitions (§ 45.1-161.8)
2016As used in this chapter and in Chapters 14.3 (§ 45.1-161.105 et seq.) and 14.4 (§ 45.1-161.253 et seq.) of this title, unless the context requires a different meaning:”Accident” means (i) a death of an individual at a mine; (ii) a serio . . .
Who may serve as trustee of preneed trust fund (§ 54.1-2326)
2016A The trustee of the preneed trust fund shall be appointed by the person owning, operating, or developing a cemetery company. If the trustee is other than a Virginia trust company or trust subsidiary or a federally insured bank or savings institution . . .
Examination of rate service organizations and joint underwriting and joint reinsurance organizations (§ 38.2-1925)
2016A Whenever the Commission considers it necessary to be informed about any matter related to the enforcement of the insurance laws, it may examine the affairs and condition of any rate service organization under subsection A of § 38.2-1913 and of any . . .
Definitions (§ 10.1-1433)
2016As used in this article, unless the context requires a different meaning:”Applicant” means the person applying for a certification of site suitability or submitting a notice of intent to apply therefor.”Application” means an a . . .
Limitations on eminent domain (§ 1-219.1)
2016A The right to private property being a fundamental right, the General Assembly shall not pass any law whereby private property shall be taken or damaged for public uses without just compensation. The term “public uses” mentioned in Artic . . .
Tax on premiums collected (§ 38.2-1108)
2016All captive insurers transacting business in this Commonwealth shall pay taxes as provided for in Chapter 25 of Title 58.1, except that taxes shall be paid on risks and property situated in any state in which the captive insurer is not licensed and u . . .