§ 38.2-122. Credit
"Credit insurance" means indemnifying merchants or other persons extending credit against loss or damage resulting from the nonpayment of debts owed to them. "Credit insurance" includes the incidental power to acquire and dispose of debts so insured and to collect any debts owed to the insurer or to any persons so insured by the insurer. "Credit insurance" does not include any insurance defined in §§ 38.2-103, 38.2-108, 38.2-122.1, 38.2-122.2 or § 38.2-128.
(1952, c. 317, § 38.1-19; 1986, c. 562; 2000, c. 526.)
Sections: Previous 38.2-115 38.2-116 38.2-117 38.2-118 38.2-119 38.2-120 38.2-121 38.2-122 38.2-122.1 38.2-122.2 38.2-123 38.2-124 38.2-125 38.2-126 38.2-127 NextLast modified: April 16, 2009