§ 38.2-2610 Cancellation of home protection contracts
A. No home protection contract shall be cancelable by the home protection company during the initial term for which it is issued, except for:
2. Fraud or misrepresentation of facts material to the issuance of the contract; or
3. Contracts providing coverage prior to the time the residential property is purchased, provided that purchase of the property does not occur.
B. Nothing in this section establishes the right of a contract holder to renew any contract.
History
This law was first created in 1981. The record of its establishment is cataloged in chapter 530 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1981 “Acts” aren’t available online. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 1986, chapter 562.
1981, c. 530, § 38.1-940; 1986, c. 562.