Code of Virginia § 38.2-122. Credit.
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/va/title-38-2/chapter-1/38-2-122A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
"Credit insurance" means indemnifying merchants or other persons extending credit against loss or damage resulting from the nonpayment of debts owed to them. "Credit insurance" includes the incidental power to acquire and dispose of debts so insured and to collect any debts owed to the insurer or to any persons so insured by the insurer. "Credit insurance" does not include any insurance defined in §§ 38.2-103 , 38.2-108 , 38.2-122.1 , 38.2-122.2 or § 38.2-128 .
1952, c. 317, § 38.1-19; 1986, c. 562; 2000, c. 526 .