§ 38.2-130. Homeowners insurance
“Homeowners insurance” is a combination multi-peril policy written under the provisions of § 38.2-1921 containing fire, miscellaneous property, and liability coverages, insuring primarily (i) owner-occupied residential real property pursuant to § 38.2-2108, (ii) personal property located in residential units, or (iii) any combination thereof. 1986, c. 562.
§ 38.2-124. Motor vehicle
A. “Motor vehicle insurance” means insurance against: 1. Loss of or damage to motor vehicles, including trailers, semitrailers or other attachments designed for use in connection with motor vehicles, resulting from any cause, and against legal liability of the insured for loss or damage to the property of another resulting from the ownership, maintenance or […]
§ 38.2-125. Aircraft
“Aircraft insurance” means insurance against: 1. Loss of or damage to aircraft and its equipment, resulting from any cause, and against legal liability of the insured for loss of or damage to the property of another resulting from the ownership, maintenance or use of aircraft and against loss, damage or expense incident to a claim […]
§ 38.2-126. Marine
A. “Marine insurance” means insurance against any kind of loss or damage to: 1. Vessels, craft, aircraft, vehicles of every kind, excluding vehicles operating under their own power or while in storage not incidental to transportation, as well as all goods, freights, cargoes, merchandise, effects, disbursements, profits, moneys, bullion, precious stones, securities, choses in action, […]
§ 38.2-122.1. Credit involuntary unemployment insurance
“Credit involuntary unemployment insurance” means insurance on a debtor in connection with a specified loan or other credit transaction to provide payment to a creditor for the installment payments or other periodic payments becoming due (i) while the debtor is involuntarily unemployed, or (ii) while the debtor is on an unpaid leave of absence during […]
§ 38.2-122.2. Credit property insurance
“Credit property insurance” means insurance against direct physical damage to personal household property used as security for a loan or other credit transaction. Such insurance may insure the creditor as sole beneficiary or may insure both the creditor and the debtor with the creditor as primary beneficiary and the debtor as beneficiary of proceeds not […]
§ 38.2-123. Title
“Title insurance” means insurance against loss by reason of liens and encumbrances upon property, defects in the title to property, and other matters affecting the title to property or the right to the use and enjoyment of property. “Title insurance” includes insurance of the condition of the title to property and the status of any […]
§ 38.2-119. Workers’ compensation and employers’ liability
“Workers’ compensation and employers’ liability insurance” means insurance against the legal liability of any employer for the death or disablement of, or injury to, his or its employee whether imposed by common law or by statute, or assumed by contract. Employers’ liability insurance may include appropriate provisions obligating the insurer to pay medical, chiropractic, hospital, […]
§ 38.2-120. Fidelity
“Fidelity insurance” means: 1. Indemnifying any person against loss through counterfeit, forgery or alteration of, on, or in any security obligation or other written instrument; or 2. Indemnifying banks, bankers, brokers, financial or moneyed corporations or associations against loss resulting from any cause, of personal property, including fixtures, equipment, safes and vaults on the insured’s […]
§ 38.2-121. Surety
“Surety insurance” means: 1. Becoming surety or guarantor for any person, in any public or private position or place of trust, whether the guarantee is in an individual, schedule or blanket form; or 2. Becoming surety on or guaranteeing the performance of any lawful obligation, undertaking, agreement, or contract, including reinsurance contracts connected therewith, except […]