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68 chapters · 1,805 sections in this title.
Va. Code Ann. § 38.2-4610.1:1 Unearned premium reserves of foreign title insurance companies
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A foreign title insurance company licensed to transact business in the Commonwealth shall be permitted to establish and maintain an unearned premium reserve on title insurance policies issued on properties located in the Commonwealth pursuant to the reserving laws of that foreign…
Va. Code Ann. § 38.2-4610.2 Loss reserves
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A. Each title insurance company licensed in this Commonwealth shall annually evaluate the adequacy of its total recorded loss reserves. Total recorded loss reserves are the sum of claim reserves held under § 38.2-4609 and unearned premium reserves held under § 38.2-4610.1. The ev…
Va. Code Ann. § 38.2-4613 Unearned premium reserve to be held and administered for benefit of policyholders
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A. The reserve required under § 38.2-4610.1 shall be for the security of policyholders of the title insurance company as provided in this section. B. If an order of rehabilitation or liquidation of any title insurance company is entered by a court of competent jurisdiction, the r…
Va. Code Ann. § 38.2-4614 Prohibition against payment or receipt of title insurance kickbacks, rebates, commissions and other payments; penalty
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A. 1. No person selling real property, or performing services as a real estate agent, attorney, or lender incident to any real estate settlement or sale, shall pay or receive, directly or indirectly, any kickback, rebate, commission, thing of value or other payment pursuant to an…