{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-2402.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-2402.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-2402.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-2402.html"}],"law_id":83565,"edition_id":1,"section_id":83565,"structure_id":13027,"section_number":"38.2-2402","catch_line":"Fidelity and surety insurer not to transact insurance without appropriate license","history":"1986, c. 562.","full_text":"No fidelity and surety insurer shall transact the business of fidelity insurance or surety insurance without first obtaining a license from the Commission to transact that class of insurance.","order_by":null,"text":{"0":{"id":299478,"text":"No fidelity and surety insurer shall transact the business of fidelity insurance or surety insurance without first obtaining a license from the Commission to transact that class of insurance.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13027,"edition_id":1,"name":"General Provisions","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":13026,"metadata":{},"date_created":"2026-06-26 03:44:09","date_modified":"2026-06-26 03:44:09","permalink":{"id":213719,"object_type":"structure","relational_id":13027,"identifier":"1","token":"38.2\/24\/1","url":"\/38.2\/24\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13026,"edition_id":1,"name":"Fidelity and Surety Insurance","identifier":"24","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:44:09","date_modified":"2026-06-26 03:44:09","permalink":{"id":213717,"object_type":"structure","relational_id":13026,"identifier":"24","token":"38.2\/24","url":"\/38.2\/24\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":60009,"structure_id":13027,"section_number":"38.2-2400","catch_line":"Class of insurance to which chapter applies","url":"\/38.2-2400\/","token":"38.2\/24\/1\/38.2-2400","metadata":false},{"id":87461,"structure_id":13027,"section_number":"38.2-2401","catch_line":"Fidelity and surety insurer defined","url":"\/38.2-2401\/","token":"38.2\/24\/1\/38.2-2401","metadata":false},{"id":83565,"structure_id":13027,"section_number":"38.2-2402","catch_line":"Fidelity and surety insurer not to transact insurance without appropriate license","url":"\/38.2-2402\/","token":"38.2\/24\/1\/38.2-2402","metadata":false},{"id":83888,"structure_id":13027,"section_number":"38.2-2403","catch_line":"Limitation of liability on risks","url":"\/38.2-2403\/","token":"38.2\/24\/1\/38.2-2403","metadata":false},{"id":54093,"structure_id":13027,"section_number":"38.2-2404","catch_line":"Limit when penalty of bond exceeds actual exposure to risk","url":"\/38.2-2404\/","token":"38.2\/24\/1\/38.2-2404","metadata":false},{"id":67467,"structure_id":13027,"section_number":"38.2-2405","catch_line":"When insurer accepted as surety","url":"\/38.2-2405\/","token":"38.2\/24\/1\/38.2-2405","metadata":false},{"id":78486,"structure_id":13027,"section_number":"38.2-2406","catch_line":"Requirements deemed met by insurer","url":"\/38.2-2406\/","token":"38.2\/24\/1\/38.2-2406","metadata":false},{"id":86573,"structure_id":13027,"section_number":"38.2-2407","catch_line":"Repealed","url":"\/38.2-2407\/","token":"38.2\/24\/1\/38.2-2407","metadata":false},{"id":66278,"structure_id":13027,"section_number":"38.2-2409","catch_line":"Agreement for joint control of money and assets","url":"\/38.2-2409\/","token":"38.2\/24\/1\/38.2-2409","metadata":false},{"id":55291,"structure_id":13027,"section_number":"38.2-2410","catch_line":"Expense of securing bond to be allowed in settlements; exceptions","url":"\/38.2-2410\/","token":"38.2\/24\/1\/38.2-2410","metadata":false},{"id":60275,"structure_id":13027,"section_number":"38.2-2411","catch_line":"Repealed","url":"\/38.2-2411\/","token":"38.2\/24\/1\/38.2-2411","metadata":false},{"id":71589,"structure_id":13027,"section_number":"38.2-2412","catch_line":"Notice to clerks of revocation of licenses","url":"\/38.2-2412\/","token":"38.2\/24\/1\/38.2-2412","metadata":false},{"id":79081,"structure_id":13027,"section_number":"38.2-2412.1","catch_line":"Notice to Department of Criminal Justice Services of revocation of property and casualty insurance license","url":"\/38.2-2412.1\/","token":"38.2\/24\/1\/38.2-2412.1","metadata":false},{"id":56004,"structure_id":13027,"section_number":"38.2-2412.2","catch_line":"Surety bail bondsman; notice to Department of Criminal Justice Services of violations","url":"\/38.2-2412.2\/","token":"38.2\/24\/1\/38.2-2412.2","metadata":false},{"id":66100,"structure_id":13027,"section_number":"38.2-2413","catch_line":"Release of insurers from liability; rights and remedies","url":"\/38.2-2413\/","token":"38.2\/24\/1\/38.2-2413","metadata":false},{"id":61600,"structure_id":13027,"section_number":"38.2-2414","catch_line":"Insurer estopped to deny power to assume liability","url":"\/38.2-2414\/","token":"38.2\/24\/1\/38.2-2414","metadata":false},{"id":78586,"structure_id":13027,"section_number":"38.2-2415","catch_line":"Where civil proceedings may be instituted","url":"\/38.2-2415\/","token":"38.2\/24\/1\/38.2-2415","metadata":false}],"previous_section":{"id":87461,"structure_id":13027,"section_number":"38.2-2401","catch_line":"Fidelity and surety insurer defined","url":"\/38.2-2401\/","token":"38.2\/24\/1\/38.2-2401","metadata":false},"next_section":{"id":83888,"structure_id":13027,"section_number":"38.2-2403","catch_line":"Limitation of liability on risks","url":"\/38.2-2403\/","token":"38.2\/24\/1\/38.2-2403","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-2402\/","history_text":"<p>This law was first created in 1986. The record of its establishment is cataloged in chapter 562 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1986 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":false,"permalink":{"id":213729,"object_type":"law","relational_id":83565,"identifier":"38.2-2402","token":"38.2\/24\/1\/38.2-2402","url":"\/38.2-2402\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-2402\/","token":"38.2\/24\/1\/38.2-2402","dublin_core":{"Title":"Fidelity and surety insurer not to transact insurance without appropriate license","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-2402","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>No fidelity and <span class=\"dictionary\">surety<\/span> <span class=\"dictionary\">insurer<\/span> shall transact the business of fidelity <span class=\"dictionary\">insurance<\/span> or <span class=\"dictionary\">surety<\/span> <span class=\"dictionary\">insurance<\/span> without first obtaining a license from the <span class=\"dictionary\">Commission<\/span> to transact that class of <span class=\"dictionary\">insurance<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nFIDELITY AND SURETY INSURER NOT TO TRANSACT INSURANCE WITHOUT APPROPRIATE\nLICENSE (\u00a7 38.2-2402)\n\nNo fidelity and surety insurer shall transact the business of fidelity insurance\nor surety insurance without first obtaining a license from the Commission to\ntransact that class of insurance.\n\nHISTORY: 1986, c. 562.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}