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Current as of January 01, 2025 | Updated by Findlaw Staff
A. Oral or written binders or other temporary insurance contracts may be made and used for a period not exceeding sixty days pending the issuance of the policy. Unless otherwise provided, oral or written binders or other temporary insurance contracts shall be deemed to include the usual provisions, stipulations and agreements which are commonly used in this Commonwealth in effecting the class of insurance being written.
B. This section shall not apply to:
1. Binders or other contracts referred to in §§ 38.2-2112 and 38.2-4605;
2. Conditional receipts issued by life insurers; or
3. Group insurance policies.
Cite this article: FindLaw.com - Virginia Code Title 38.2. Insurance § 38.2-304. Contracts of temporary insurance; duration; what deemed to include - last updated January 01, 2025 | https://codes.findlaw.com/va/title-38-2-insurance/va-code-sect-38-2-304/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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