There is a newer version of the Code of Virginia
2014 Virginia Code
Title 38.2 - Insurance
§ 38.2-4808. Effect of payment to surplus lines broker
VA Code § 38.2-4808 (2014) What's This?
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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