Virginia Code 38.2-2405: When insurer accepted as surety.
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Any fidelity and surety insurer shall be accepted as surety upon any bond required by the laws of this Commonwealth or by any court, judge, public officer, board, or organization upon presentation of evidence satisfactory to the court, judge, or other officer authorized to approve the bond that the insurer is licensed to transact surety insurance.
Terms Used In Virginia Code 38.2-2405
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Insurer: means an insurance company. See Virginia Code 38.2-100
Code 1950, § 38-332; 1952, c. 317, § 38.1-643; 1986, c. 562.