§ 38.2-4610.1:1 Unearned premium reserves of foreign title insurance companies
A foreign title insurance company licensed to transact business in the Commonwealth shall be permitted to establish and maintain an unearned premium reserve on title insurance policies issued on properties located in the Commonwealth pursuant to the reserving laws of that foreign title insurance company’s domiciliary regulator so long as the domiciliary regulator is accredited under the National Association of Insurance Commissioner’s Financial Regulation Standards and Accreditation Program.
History
This law was first created in 2008. The record of its establishment is cataloged in chapter 248 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.
2008, c. 248.