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State statute · Virginia

General Provisions and definitions

Code of Virginia Title 38.2 Chapter 1, §§ 38.2-100 through 38.2-137, 46 sections

Publisher
Virginia General Assembly, Division of Legislative Automated Systems
Edition
Code of Virginia as published by the Virginia Law Portal, whose own currency label on the...
Last checked
2026-09-17
Status
US state statute
Edition and licensing notes

Publisher. Virginia General Assembly, Division of Legislative Automated Systems (Virginia Law Portal, law.lis.virginia.gov)

Edition. Code of Virginia as published by the Virginia Law Portal, whose own currency label on the table of contents is "2026 Updates"; the page's printed date stamp reads 9/17/2026. The portal prints no other currency statement. Retrieved 2026-09-17.

Status. US state statute.

Read the official textPractice questions from this source

What this document is

Code of Virginia Title 38.2 Chapter 1 - General Provisions and definitions (§§ 38.2-100 through 38.2-137, 46 sections) is a state statute published by Virginia General Assembly, Division of Legislative Automated Systems (Virginia Law Portal, law.lis.virginia.gov). It is one of the Virginia documents that insurance license exam questions are written from, including virginia property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

  • Va. Code Sec. 38.2-100 (Definitions; "Domestic company", "Foreign company")
    “"Domestic company" means a company incorporated or organized under the laws of the Commonwealth. "Foreign company" means a company incorporated or organized under the laws of the United States, or of any state other than the Commonwealth.”
  • Va. Code Sec. 38.2-115 (Boiler and machinery)
    “"Boiler and machinery insurance" means insurance against any liability of the insured and against loss of or damage to any property of the insured resulting from the explosion of or injury to (i) any boiler, heater or other fired pressure vessel; (ii) any unfired pressure vessel; (iii) any pipes or...”
  • Va. Code Sec. 38.2-136(B) (Reinsurance; assumption of policy obligations)
    “B. No insurer licensed in this Commonwealth shall cede or assume policy obligations on risks located in this Commonwealth whereby the assuming insurer assumes the policy obligations of the ceding insurer as direct obligations of the assuming insurer to the payees under the policies and in...”
  • Va. Code Sec. 38.2-113(2) (Burglary and theft; money, securities and valuable papers)
    “2. Loss of or damage to moneys, coins, bullion, securities, notes, drafts, acceptances or any other valuable papers or documents, resulting from any cause, except while in the custody or possession of and being transported by any carrier for hire or in the mail; or”
  • Va. Code Sec. 38.2-130 (Homeowners insurance)
    “"Homeowners insurance" is a combination multi-peril policy written under the provisions of § 38.2-1921 containing fire, miscellaneous property, and liability coverages, insuring primarily (i) owner-occupied residential real property pursuant to § 38.2-2108, (ii) personal property located in...”
  • Va. Code Sec. 38.2-113(3) (Burglary and theft; property surrendered due to extortion)
    “3. The loss of property actually surrendered due to extortion, threat, or demand, involving the actual, alleged or threatened kidnapping of any individual or the threat to do bodily injury to or damage to property of or to wrongfully abduct or detain any individual.”
  • Va. Code Sec. 38.2-126(A)(1) (Marine insurance; property in transit and vehicles of every kind)
    “1. Vessels, craft, aircraft, vehicles of every kind, excluding vehicles operating under their own power or while in storage not incidental to transportation, as well as all goods, freights, cargoes, merchandise, effects, disbursements, profits, moneys, bullion, precious stones, securities, choses...”
  • Va. Code Sec. 38.2-121 (Surety)
    “"Surety insurance" means: 1. Becoming surety or guarantor for any person, in any public or private position or place of trust, whether the guarantee is in an individual, schedule or blanket form; or 2. Becoming surety on or guaranteeing the performance of any lawful obligation, undertaking,...”

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Virginia Property & Casualty practice test

Questions about this source

Code of Virginia Title 38.2 Chapter 1 - General Provisions and definitions (§§ 38.2-100 through 38.2-137, 46 sections) is a state statute published by Virginia General Assembly, Division of Legislative Automated Systems (Virginia Law Portal, law.lis.virginia.gov). Edition: Code of Virginia as published by the Virginia Law Portal, whose own currency label on the table of contents is "2026 Updates"; the page's printed date stamp reads 9/17/2026. The portal prints no other currency statement. Retrieved 2026-09-17..

No. This page summarizes the document and links to the official version. Always rely on the text published by Virginia General Assembly, Division of Legislative Automated Systems (Virginia Law Portal, law.lis.virginia.gov) for the current law.

Practice questions for Virginia Property & Casualty cite this document.

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