Virginia Code 46.2-480: Reimbursement of carrier and proration of insurance.
Current as of: 2024 | Check for updates
|
Other versions
Any policy may provide:
Terms Used In Virginia Code 46.2-480
- Person: includes any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, government, political subdivision, or any other legal or commercial entity and any successor, representative, agent, agency, or instrumentality thereof. See Virginia Code 1-230
1. That the insured, or any other person covered by the policy, shall reimburse the insurance carrier for payments made on account of any accident, claim, or suit involving a breach of the terms, provisions, or conditions of the policy; or
2. For proration of the insurance with other applicable valid and collectible insurance.
Code 1950, § 46-499; 1958, c. 541, § 46.1-512; 1989, c. 727.