™Your Policy Risk Impact Agent
64 chapters · 1,789 sections in this title.
Va. Code Ann. § 38.2-4805.1 Application of chapter
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Except as provided in subsection C of § 38.2-1802, this chapter shall apply to the sale, solicitation, and negotiation of surplus lines insurance coverage for insureds whose home state, as defined in § 38.2-4805.2, is this Commonwealth.
Va. Code Ann. § 38.2-4805.2 Definitions
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As used in this chapter, unless the context requires a different meaning: "Admitted insurer" means an insurer licensed in the Commonwealth to engage in the business of insurance. "Domestic surplus lines insurer" means a domestic surplus lines insurer licensed by the Commission pu…
Va. Code Ann. § 38.2-4806 Notice to insured that insurance is placed with an eligible nonadmitted insurer required
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A notice in a form prescribed by the Commission shall be given to the insured under the provisions of a policy procured pursuant to this chapter by the surplus lines broker procuring the policy or by any duly licensed property and casualty insurance agent placing surplus lines bu…
Va. Code Ann. § 38.2-4807 Licensees to keep records and file annual statement of policies
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A. 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 inception and expiration dates o…