Code · Virginia · Title 38.2 · Chapter 24

Code of Virginia § 38.2-2414. Insurer estopped to deny power to assume liability.

54 words·~1 min read·/va/title-38-2/chapter-24/38-2-2414

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any fidelity and surety insurer that executes any bond as surety under the provisions of this chapter shall be estopped, in any proceedings to enforce the liability it has assumed, to deny its power to execute the bond or assume the liability.

Code 1950, § 38-348; 1952, c. 317, § 38.1-650; 1986, c. 562.