Virginia Code 38.2-2402: Fidelity and surety insurer not to transact insurance without appropriate license.
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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.
Terms Used In Virginia Code 38.2-2402
- Commission: means the State Corporation Commission. See Virginia Code 38.2-100
- Insurer: means an insurance company. See Virginia Code 38.2-100
1986, c. 562.