Code of Virginia - Title 38.2 Insurance - Section 38.2-4808 Effect of payment to surplus lines broker

§ 38.2-4808. Effect of payment to surplus lines broker

A. No surplus lines broker may accept a payment of premium for issuance of surplus lines insurance before placing the insurance with an eligible surplus lines insurer.

B. A payment of premium to a surplus lines broker shall be deemed to be payment to the insurer notwithstanding any policy conditions or stipulations to the contrary.

(1986, c. 562.)

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Last modified: April 3, 2009