§ 38.2-2400 Class of insurance to which chapter applies.
§ 38.2-2401 Fidelity and surety insurer defined.
§ 38.2-2402 Fidelity and surety insurer not to transact insurance without appropriate license.
§ 38.2-2403 Limitation of liability on risks.
§ 38.2-2404 Limit when penalty of bond exceeds actual exposure to risk.
§ 38.2-2405 When insurer accepted as surety.
§ 38.2-2406 Requirements deemed met by insurer.
§ 38.2-2407 Repealed.
§ 38.2-2409 Agreement for joint control of money and assets.
§ 38.2-2410 Expense of securing bond to be allowed in settlements; exceptions.
§ 38.2-2411 Repealed.
§ 38.2-2412 Notice to clerks of revocation of licenses.
§ 38.2-2412.1 Notice to Department of Criminal Justice Services of revocation of property and casualty insurance license.
§ 38.2-2412.2 Surety bail bondsman; notice to Department of Criminal Justice Services of violations.
§ 38.2-2413 Release of insurers from liability; rights and remedies.
§ 38.2-2414 Insurer estopped to deny power to assume liability.
§ 38.2-2415 Where civil proceedings may be instituted.
lawyer at desk

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Virginia Code > Title 38.2 > Chapter 24 > Article 1 - General Provisions.

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Bond with surety: includes the payment in cash of the full amount of the required bond and, in such case, no surety shall be required. See Virginia Code 1-205
  • City: means an independent incorporated community which became a city as provided by law before noon on July 1, 1971, or which has within defined boundaries a population of 5,000 or more and which has become a city as provided by law. See Virginia Code 1-208
  • Commission: means the State Corporation Commission. See Virginia Code 38.2-100
  • Company: means any association, aggregate of individuals, business, corporation, individual, joint-stock company, Lloyds type of organization, organization, partnership, receiver, reciprocal or interinsurance exchange, trustee or society. See Virginia Code 38.2-100
  • Contract: A legal written agreement that becomes binding when signed.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • 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.
  • Fiduciary: A trustee, executor, or administrator.
  • Fraud: Intentional deception resulting in injury to another.
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Includes: means includes, but not limited to. See Virginia Code 1-218
  • Insurer: means an insurance company. See Virginia Code 38.2-100
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: means any association, aggregate of individuals, business, company, corporation, individual, joint-stock company, Lloyds type of organization, organization, partnership, receiver, reciprocal or interinsurance exchange, trustee or society. See Virginia Code 38.2-100
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: means any commonwealth, state, territory, district or insular possession of the United States. See Virginia Code 38.2-100
  • Subpoena: A command to a witness to appear and give testimony.
  • Supreme Court: means the Supreme Court of Virginia. See Virginia Code 1-249