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Code · Virginia · Title 38.2 · Chapter 24

Code of Virginia § 38.2-2410. Expense of securing bond to be allowed in settlements; exceptions.

99 words·~1 min read·/va/title-38-2/chapter-24/38-2-2410

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Any court, judge or other officer whose duty it is to approve the account of any person required to execute a bond with surety shall, whenever a fidelity and surety insurer has become surety on the bond, allow a sum for the expense of obtaining the surety in the settlement of the account. The sum allowed shall accord with the applicable rate filing in effect for the insurer under the provisions of this title. The allowance shall not be made to any state, county or municipal officer.
Code 1950, § 38-347; 1952, c. 317, § 38.1-646; 1986, c. 562.
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