§ 38.2-3103. Fraudulent procurement of policy; penalty
A. No person shall knowingly secure, attempt to secure or cause to be secured a life insurance policy on any person who is not in an insurable condition by means of misrepresentations or false or fraudulent statements.
B. An insurance agent who violates this section shall be subject to penalties under § 38.2-1831 in addition to the penalties of § 38.2-218.
(Code 1950, § 38-369; 1952, c. 317, § 38.1-434; 1986, c. 562.)
Sections: Previous 38.2-3100 38.2-3100.1 38.2-3100.2 38.2-3101 38.2-3102 38.2-3103 38.2-3104 38.2-3105 38.2-3106 38.2-3107 38.2-3108 38.2-3109 38.2-3110 38.2-3111 38.2-3112 NextLast modified: April 16, 2009