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

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Virginia Code Title 38.2. Insurance § 38.2-4808. Effect of payment to surplus lines broker - last updated January 01, 2025 | https://codes.findlaw.com/va/title-38-2-insurance/va-code-sect-38-2-4808/

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