§ 38.2-316.1. Premium rates
A. As used in this section: “Anticipated loss ratio” means the ratio of the present value of the future benefits to the present value of the future premiums of a policy form over the entire period for which rates are computed to provide coverage. “Student health insurance coverage” means a type of individual health insurance […]
§ 38.2-317. Delivery and use of certain policies and endorsements
A. No insurance policy or endorsement of the kind to which Chapter 19 (§ 38.2-1900 et seq.) applies shall be delivered or issued for delivery in the Commonwealth unless the policy form or endorsement is filed with the Commission prior to its effective date. The provisions of this section shall not apply to statutory fire […]
§ 38.2-312. Provisions limiting jurisdiction, or requiring construction of contracts by law of other states, prohibited
No insurance contract delivered or issued for delivery in this Commonwealth and covering subjects which are located or residing in this Commonwealth, or which are performed in this Commonwealth shall contain any condition, stipulation or agreement: 1. Requiring the contract to be construed according to the laws of any other state or country, except as […]
§ 38.2-313. Where certain contracts deemed made
All insurance contracts on or with respect to the ownership, maintenance or use of property in this Commonwealth shall be deemed to have been made in and shall be construed in accordance with the laws of this Commonwealth. Code 1950, § 38-162; 1952, c. 317, § 38.1-340; 1986, c. 562.
§ 38.2-314. Limitation of action and proof of loss
No provision in any insurance policy shall be valid if it limits the time within which an action may be brought to less than one year after the loss occurs or the cause of action accrues. If an insurance policy requires a proof of loss, damage or liability to be filed within a specified time, […]
§ 38.2-315. Intervening breach
If any breach of warranty or condition in any insurance contract covering property located in this Commonwealth occurs prior to a loss under the contract, the breach shall not void the contract nor permit the insurer to avoid liability unless the breach existed at the time of the loss. Code 1950, § 38-8; 1952, c. […]
§ 38.2-308. Contingent liability provisions in policies issued by certain mutual insurers
Except in the case of nonassessable policies, the contingent liability of each member of a mutual insurer, other than a life insurer, shall be clearly stated in the mutual insurer’s policies. The contingent liability may be limited, but such limitation shall not be less than one additional annual premium on each policy held by the […]
§ 38.2-309. When answers or statements of applicant do not bar recovery on policy
All statements, declarations and descriptions in any application for an insurance policy or for the reinstatement of an insurance policy shall be deemed representations and not warranties. No statement in an application or in any affidavit made before or after loss under the policy shall bar a recovery upon a policy of insurance unless it […]
§ 38.2-310. All fees, charges, etc., to be stated in policy
A. All fees, charges, premiums or other consideration charged for the insurance or for the procurement of insurance shall be stated in the policy except in the case of fidelity, surety, title, and group insurance, and except for consulting services as provided in Article 4 (§ 38.2-1837 et seq.) of Chapter 18 of this title. […]
§ 38.2-311. Type size in which conditions and restrictions to be printed
Except as otherwise provided in this title, no restriction, condition or provision in or endorsed on any insurance policy shall be valid unless the condition or provision is printed in type as large as eight point type, or is written in ink or typewritten in or on the policy. This section shall not apply to […]