Code of Virginia - Title 38.2 Insurance - Chapter 46 Title Insurance

38.2-4600 Class of insurance and insurance companies to which chapter applies
Except as otherwise provided, this chapter applies to title insurance as defined in § 38.2-123, and to title insurance companies as defined in § 38.2-4601. ...

38.2-4601 Title insurance company defined
"Title insurance company" means any company licensed to transact, or transacting, title insurance. (1952, c. 317, § 38.1-721; 1986, c. 562.) ...

38.2-4601.1 Title insurance agency or agent defined
A "title insurance agency or agent" means any individual or business entity licensed in the Commonwealth, pursuant to Chapter 18 (§ 38.2-1800 et seq.) of ...

38.2-4602 What laws applicable
Except as otherwise provided, and except where the context otherwise requires, all provisions of this title relating to insurance and insurers generally shall apply to ...

38.2-4603 What companies may transact title insurance
No company other than an insurance company organized as a stock company and licensed to transact title insurance shall transact title insurance in this Commonwealth. ...

38.2-4604 Investment in plant and equipment
Notwithstanding the provisions of Chapter 14 of this title, any domestic title insurance company may invest in title records and equipment; however, the reporting of ...

38.2-4605 Interim binders
Binders or other temporary insurance contracts may be made and used pending the issuance of a title insurance policy. (1952, c. 317, § 38.1-725; 1986, ...

38.2-4606 Forms to be filed with Commission
All forms of title insurance policies and interim binders that are customarily used by any title insurance company in connection with the insurance of titles ...

38.2-4607 Maximum risk
On and after July 1, 1952, no company transacting title insurance in this Commonwealth shall assume a single risk in an amount in excess of ...

38.2-4608 Title insurance rates
A. Title insurance risk rates shall be reasonable and adequate for the class of risks to which they apply. Risk rates shall not be unfairly ...

38.2-4609 Loss or claim reserves
Each title insurance company licensed in this Commonwealth shall maintain loss and loss adjustment expense reserves in an amount estimated in the aggregate as being ...

38.2-4610 Description unavailable
Repealed by Acts 1986, c. 404. ...

38.2-4610.1 Unearned premium reserve
A. A domestic title insurance company shall establish and maintain an unearned premium reserve computed in accordance with this section, and all sums attributed to ...

38.2-4610.1:1 Unearned premium reserves of foreign title insurance companies
A foreign title insurance company licensed to transact business in the Commonwealth shall be permitted to establish and maintain an unearned premium reserve on title ...

38.2-4610.2 Loss reserves
A. Each title insurance company licensed in this Commonwealth shall annually evaluate the adequacy of its total recorded loss reserves. Total recorded loss reserves are ...

38.2-4611 , 38.2-4612
Repealed by Acts 1986, c. 404. ...

38.2-4613 Unearned premium reserve to be held and administered for benefit of policyholders
A. The reserve required under § 38.2-4610.1 shall be for the security of policyholders of the title insurance company as provided in this section. B. ...

38.2-4614 Prohibition against payment or receipt of title insurance kickbacks, rebates, commissions and othe...
A. 1. No person selling real property, or performing services as a real estate agent, attorney, or lender incident to any real estate settlement or ...

38.2-4615 Exchange of information
A. In order to further more equitable adoption, use and adjustment of risk rates and premiums and forms of temporary insurance policies and contracts, the ...

38.2-4616 Notification to buyers of the availability of owner's title insurance
In connection with any transaction involving the purchase or sale of an interest in residential real property in this Commonwealth, the settlement agent as defined ...