2006 Code of Virginia § 46.2-479 - Provisions to which every policy shall be subject but need not contain

46.2-479. Provisions to which every policy shall be subject but need notcontain.

Every policy shall be subject to the following provisions which need not becontained therein:

1. The liability of any insurance carrier to the insured under a policybecomes absolute when loss or damage covered by the policy occurs and thesatisfaction by the insured of a judgment for the loss or damage shall not bea condition precedent to the right or duty of the carrier to make payment onaccount of the loss or damage;

2. No policy shall be cancelled or annulled, as respects any loss or damage,by any agreement between the carrier and the insured after the insured hasbecome responsible for the loss or damage and any attempted cancellation orannulment shall be void;

3. If the death of the insured occurs after the insured has become liable,during the policy period, for loss or damage covered by the policy, thepolicy shall not be terminated by the death with respect to the liability andthe insurance carrier shall be liable hereunder as though death had notoccurred;

4. On the recovery of a judgment against any person for loss or damage, ifthe person or the decedent he represents was at the accrual of the cause ofaction insured against the liability under the policy, the judgment creditorshall be entitled to have the insurance money applied to the satisfaction ofthe judgment;

5. If the death, insolvency, or bankruptcy of the insured occurs within thepolicy period, the policy during the unexpired portion of the period shallcover the legal representatives of the insured; and

6. No statement made by the insured or on his behalf and no violation of theterms of the policy shall operate to defeat or avoid the policy so as to barrecovery within the limits provided in this chapter.

(Code 1950, 46-498; 1958, c. 541, 46.1-511; 1989, c. 727.)