14VAC5-342-80. Conditions applicable to property coverage
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Virginia Administrative Code › Title 14 Insurance › Agency 5 State Corporation Commission, Bureau of Insurance › Chapter 342 › 14VAC5-342-80
Text
A. Insurers shall include the following statutory conditions:
1. The nuclear clause set forth in § 38.2-2102 of the Code of Virginia.
2. The conditions set forth in § 38.2-2104 of the Code of Virginia:
a. Assignment of the policy.
b. The time that coverage begins and ends.
3. The conditions set forth in § 38.2-2105 of the Code of Virginia:
a. Abandonment.
b. Appraisal.
c. Mortgagee interests and obligations.
d. Pro rata liability.
e . Requirements in case loss occurs.
f. Suit.
g. When loss payable.
B. Insurers may include any of the following conditions:
1. The insured shall notify the police when loss is by theft.
2. A bailee for hire shall not benefit under the policy.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.