§ 38.2-2102. Excluding loss or damage caused by nuclear reaction, nuclear radiation, or radioactive contaminatio...
A. The standard policy of fire insurance prescribed by this chapter shall not cover loss or damage caused by nuclear reaction, nuclear radiation, or radioactive contamination, whether resulting directly or indirectly from a peril insured under the policy. Insurers issuing the standard policy of fire insurance are authorized to affix to the policy or include therein a written statement that the policy does not cover loss or damage caused by nuclear reaction, nuclear radiation, or radioactive contamination, whether resulting directly or indirectly from a peril insured under the policy. However, an endorsement or endorsements specifically assuming coverage for loss or damage caused by nuclear reaction, nuclear radiation, or radioactive contamination may be attached to the standard policy of fire insurance.
B. Notwithstanding the provisions of § 38.2-2105, for the purposes of commercial property and casualty insurance policies, the standard policy of fire insurance prescribed by this chapter shall not cover loss or damage caused by certified acts of terrorism as defined in the Terrorism Risk Insurance Act (15 U.S.C. § 6701) whether resulting directly or indirectly from a peril insured under the policy if the insured has refused coverage offered pursuant to the Terrorism Risk Insurance Act.
(1960, c. 117, § 38.1-363.1; 1986, c. 562; 2003, c. 930.)
Sections: Previous 38.2-2100 38.2-2101 38.2-2102 38.2-2103 38.2-2104 38.2-2105 38.2-2106 38.2-2107 38.2-2108 38.2-2109 38.2-2110 38.2-2111 38.2-2112 38.2-2113 38.2-2114 NextLast modified: April 16, 2009