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Insurable interest required; life, accident and sickness insurance (§ 38.2-301)
2016A Any individual of lawful age may take out an insurance contract upon himself for the benefit of any person. No person shall knowingly procure or cause to be procured any insurance contract upon another individual unless the benefits under the contr . . .
Accounting by title insurance companies (§ 55-525.29)
2016A title insurance company domiciled in the Commonwealth or acting in the capacity of a settlement agent pursuant to this chapter shall account for funds held and income derived from escrow, closing, or settlement services in accordance with the appli . . .
Continuing insurance education fees (§ 38.2-1873)
2016The continuing insurance education program established by this article shall be self-supporting, and any costs incurred by the Commission, administrator, or the Board or its members, including legal fees and other legal expenses incurred during or as . . .
Errors and omissions insurance; cash or letters of credit (§ 55-525.4)
2016A An exchange facilitator at all times shall: B The exchange facilitator may maintain errors and omissions insurance, cash, or irrevocable letters of credit in excess of the amounts required in this section. . . .
Group life insurance requirements (§ 38.2-3318.1)
2016Except as provided in § 38.2-3319.1, no policy of group life insurance shall be delivered in this Commonwealth unless it conforms to one of the following descriptions: . . .
Taxicab insurance required (§ 46.2-2057)
2016Each operator of a motor vehicle performing a bona fide taxicab service shall file insurance as required under this article unless evidence can be shown to the Department that the operator is a self-insurer under an ordinance of the city or county wh . . .
What persons deemed insurance premium finance companies (§ 38.2-4700)
2016A Any person engaged in whole or in part in financing premiums for insurance on subjects of insurance resident, located or to be performed in this Commonwealth shall be an insurance premium finance company subject to this chapter. Any person who acqu . . .
Certain term life insurance considered resources (§ 32.1-325.01)
2016When making eligibility determinations for institutional or community-based care to be paid for by the Department, the Department shall consider as an uncompensated transfer all resources that are used by an applicant to purchase any term life insura . . .
Board authorized to provide long-term care insurance and benefits (§ 51.1-1178)
2016A For purposes of this section, “participating employee” means the same as that term is defined in § 51.1-1150. B The Board is authorized to develop, implement, and administer a long-term care insurance program for participating employe . . .
Limits of group life insurance (§ 38.2-3319.1)
2016Group life insurance offered to a resident of this Commonwealth under a group life insurance policy issued to a group other than one described in § 38.2-3318.1 shall be subject to the following requirements: . . .