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How license obtained (§ 38.2-2511)
2016The applicant insurer shall file with and have approved by the Commission its application for the license required by § 38.2-1024 prior to transacting the business of insurance in this Commonwealth. The Commission shall not grant a license to any i . . .
Prequalification generally; prequalification for construction (§ 2.2-4317)
2016A Prospective contractors may be prequalified for particular types of supplies, services, insurance or construction, and consideration of bids or proposals limited to prequalified contractors. Any prequalification procedure shall be established in wr . . .
Coverage for hemophilia and congenital bleeding disorders (§ 38.2-3418.3)
2016A Notwithstanding the provisions of § 38.2-3419, each insurer proposing to issue individual or group accident and sickness insurance policies providing hospital, medical and surgical, or major medical coverage on an expense-incurred basis; each corp . . .
Formation of not-for-profit benefits consortium (§ 15.2-1517.1)
2016A As used in this section:”Benefits consortium” means a nonstock corporation formed pursuant to subsection B.”Benefits plan” means a plan adopted by the board of directors of a benefits consortium to provide health and welfare . . .
Definitions (§ 38.2-6000)
2016As used in this chapter: “Fraudulent viatical settlement act” includes: “Licensee under this chapter” means a person licensed by the Commission as a viatical settlement provider or viatical settlement broker.”NAIC&# . . .
Installment sales (§ 29.1-826)
2016A Every retail installment sale shall be evidenced by an instrument in writing, which shall contain all the agreements of the parties, including a provision stating whether or not such sale is contingent upon financing on terms which are satisfactory . . .
Nonforfeiture benefits and cash surrender values in life policies issued prior to operative date stated in § 38.2-3214 (§ 38.2-3200)
2016A This section shall apply only to life insurance policies issued prior to the operative date stated in § 38.2-3214. B The nonforfeiture benefit referred to in § 38.2-3309 shall be available to the insured in the event of default in premium paymen . . .
Loss records (§ 38.2-1313)
2016Each insurer licensed to transact business in this Commonwealth shall, except for accident and sickness insurance as defined in § 38.2-109, maintain a complete and itemized record showing all losses and claims for which notice has been given. When . . .
Brokerage relationship not created by using common source information company (§ 54.1-2141)
2016No licensee representing a buyer or tenant shall be deemed to have a brokerage relationship with a seller, landlord or other licensee solely by reason of using a common source information company. However, nothing contained in this article shall be c . . .
(Effective October 1, 2016) Trust indentures and mortgages; security for the bonds (§ 23.1-2421)
2016A Any bond issued under this chapter may be issued pursuant to or secured by (i) a trust indenture, deed of trust, or mortgage of any project or other property of the Authority, whether or not financed in whole or in part from the proceeds of such bo . . .