Virginia Code Title 55.1. Property and Conveyances § 55.1-803. Errors and omissions insurance; cash or letters of credit

1. Maintain a policy of errors and omissions insurance in an amount not less than $250,000 executed by an insurer authorized to do business in the Commonwealth; or

2. Deposit an amount of cash or provide irrevocable letters of credit equivalent to the sum of not less than $250,000.