™Your Policy Risk Impact Agent
64 chapters · 1,789 sections in this title.
Va. Code Ann. § 38.2-2400 Class of insurance to which chapter applies
0.1K chars
This chapter applies to fidelity and surety insurance as defined in §§ 38.2-120 and 38.2-121.
Va. Code Ann. § 38.2-2401 Fidelity and surety insurer defined
0.3K chars
The term "fidelity and surety insurer" means any company licensed to transact fidelity or surety insurance in this Commonwealth, and includes any company elsewhere designated or referred to in this Code as a guaranty, indemnity, fidelity, surety or security company.
Va. Code Ann. § 38.2-2402 Fidelity and surety insurer not to transact insurance without appropriate license
0.2K chars
No fidelity and surety insurer shall transact the business of fidelity insurance or surety insurance without first obtaining a license from the Commission to transact that class of insurance.
Va. Code Ann. § 38.2-2403 Limitation of liability on risks
1.2K chars
In applying the limitation specified in § 38.2-208 to fidelity and surety risks, the net amount of exposure on any single risk shall be considered to be within the prescribed limit if the fidelity and surety insurer is protected against losses in excess of the limit by: 1. Reinsu…