No mutual assessment property and casualty insurer shall insure against any losses except as specified in this chapter. Any officer or agent who knowingly or willfully violates or who causes the insurer to violate this provision shall be fined in accordance with § 38.2-218.
Va. Code Ann. § 38.2-2505
Risks limited to those specified in this chapter; personal liability for loss
Code 1950, § 38-541; 1952, c. 317, § 38.1-687; 1986, c. 562.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.