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Code · Virginia · Title 38.2 · Chapter 48

Code of Virginia § 38.2-4808. Effect of payment to surplus lines broker.

61 words·~1 min read·/va/title-38-2/chapter-48/38-2-4808

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

A. No surplus lines broker may accept a payment of premium for issuance of surplus lines insurance before placing the insurance with an eligible nonadmitted insurer.
B. A payment of premium to a surplus lines broker shall be deemed to be payment to the insurer notwithstanding any policy conditions or stipulations to the contrary.
1986, c. 562; 2018, c. 205 .
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