Assignment of Insurance Risks
Code of Virginia Title 46.2 Chapter 3 Article 16, §§ 46.2-464 through 46.2-471, 8 sections
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.
What this document is
Code of Virginia Title 46.2 Chapter 3 Article 16 - Assignment of Insurance Risks (§§ 46.2-464 through 46.2-471, 8 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, virginia personal lines 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. 46.2-464 (Application for assignment of risk to insurance carrier)
“Every person who has been unable to obtain a motor vehicle liability policy shall have the right to apply to the State Corporation Commission to have his risk assigned to an insurance carrier licensed to write and writing motor vehicle liability insurance in the Commonwealth and the insurance...”
- Va. Code Sec. 46.2-464 (Application for assignment of risk to insurance carrier; optional physical damage and medical payments coverages)
“Every person who has been unable to obtain a motor vehicle liability policy shall have the right to apply to the State Corporation Commission to have his risk assigned to an insurance carrier licensed to write and writing motor vehicle liability insurance in the Commonwealth and the insurance...”
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