Code of Virginia - Title 38.2 Insurance - Section 38.2-2118 Required statement on insurance policies for owner-occupied dwellings

§ 38.2-2118. Required statement on insurance policies for owner-occupied dwellings

Each insurer writing insurance on owner-occupied dwellings and appurtenant structures with a replacement cost provision under the provisions of Chapter 19 (§ 38.2-1900 et seq.) of this title shall give each applicant for insurance a statement summarizing: (i) any minimum coverage requirement necessary for the replacement cost provision to be fully effective, and (ii) the effect on claim payment of not meeting the minimum coverage requirement.

(1977, c. 530, § 38.1-279.49:1; 1986, c. 562.)

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Last modified: April 16, 2009