Code of Virginia - Title 38.2 Insurance - Section 38.2-310 All fees, charges, etc., to be stated in policy

§ 38.2-310. All fees, charges, etc., to be stated in policy

A. All fees, charges, premiums or other consideration charged for the insurance or for the procurement of insurance shall be stated in the policy except in the case of fidelity, surety, title, and group insurance, and except for consulting services as provided in Article 4 (§ 38.2-1837 et seq.) of Chapter 18 of this title. Except as provided in this subsection, no person shall charge or receive any fee, compensation, or consideration for insurance or for the procurement of insurance that is not included in the premium or stated in the policy.

B. Service charges for installment payments of insurance premiums do not need to be stated in the policy if the charges are provided to the insured in writing.

(Code 1950, § 38-508; 1952, c. 317, § 38.1-337; 1986, c. 562; 1990, c. 281.)

Sections:  Previous  38.2-303  38.2-304  38.2-305  38.2-306  38.2-307  38.2-308  38.2-309  38.2-310  38.2-311  38.2-312  38.2-313  38.2-314  38.2-315  38.2-316  38.2-317  Next

Last modified: April 16, 2009