Code of Virginia § 38.2-1313. Loss records.
71 words·~1 min read·
/va/title-38-2/chapter-13/38-2-1313A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each insurer licensed to transact business in this Commonwealth shall, except for accident and sickness insurance as defined in § 38.2-109 , maintain a complete and itemized record showing all losses and claims for which notice has been given. When necessary, the insurers shall maintain a record of all notices received of the occurrence of any event that may result in a loss.
1952, c. 317, § 38.1-172; 1986, c. 562.