{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-3717.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-3717.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-3717.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-3717.html"}],"law_id":78738,"edition_id":1,"section_id":78738,"structure_id":15016,"section_number":"38.2-3717","catch_line":"Scope","history":"1960, c. 67, \u00a7 38.1-482.1; 1972, c. 527, \u00a7 38.2-3700; 1982, c. 223; 1986, c. 562; 1990, c. 236; 1992, c. 586.","full_text":"All life insurance and all accident and sickness insurance issued or sold in connection with loans or other credit transactions shall be subject to the provisions of this chapter except:\n\n1\n\nSuch insurance issued in connection with a loan or other credit transaction of more than ten years duration;2\n\nSuch insurance written in connection with a credit transaction that is:\n\t\t\ta. Secured by a first mortgage or deed of trust; and\n\t\t\tb. Made to finance the purchase of real property or the construction of a dwelling thereon, or to refinance a prior credit transaction made for such a purpose;3\n\nWhere the issuance of such insurance is an isolated transaction on the part of the insurer not related to an agreement or a plan for insuring debtors of the creditor.","order_by":null,"text":{"0":{"id":282109,"text":"All life insurance and all accident and sickness insurance issued or sold in connection with loans or other credit transactions shall be subject to the provisions of this chapter except:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":282110,"text":"Such insurance issued in connection with a loan or other credit transaction of more than ten years duration;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":282111,"text":"Such insurance written in connection with a credit transaction that is:\n\t\t\ta. Secured by a first mortgage or deed of trust; and\n\t\t\tb. Made to finance the purchase of real property or the construction of a dwelling thereon, or to refinance a prior credit transaction made for such a purpose;","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":282112,"text":"Where the issuance of such insurance is an isolated transaction on the part of the insurer not related to an agreement or a plan for insuring debtors of the creditor.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2"}},"ancestry":[{"id":15016,"edition_id":1,"name":"Credit Life Insurance and Credit Accident and Sickness Insurance","identifier":"37.1","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:51:32","date_modified":"2026-06-26 03:51:32","permalink":{"id":216059,"object_type":"structure","relational_id":15016,"identifier":"37.1","token":"38.2\/37.1","url":"\/38.2\/37.1\/","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":78738,"structure_id":15016,"section_number":"38.2-3717","catch_line":"Scope","url":"\/38.2-3717\/","token":"38.2\/37.1\/38.2-3717","metadata":false},{"id":61942,"structure_id":15016,"section_number":"38.2-3718","catch_line":"Definitions","url":"\/38.2-3718\/","token":"38.2\/37.1\/38.2-3718","metadata":false},{"id":68352,"structure_id":15016,"section_number":"38.2-3719","catch_line":"Forms of credit life insurance and credit accident and sickness insurance","url":"\/38.2-3719\/","token":"38.2\/37.1\/38.2-3719","metadata":false},{"id":71214,"structure_id":15016,"section_number":"38.2-3720","catch_line":"Amount of credit life insurance and credit accident and sickness insurance","url":"\/38.2-3720\/","token":"38.2\/37.1\/38.2-3720","metadata":false},{"id":83437,"structure_id":15016,"section_number":"38.2-3721","catch_line":"Term of credit life insurance and credit accident and sickness insurance","url":"\/38.2-3721\/","token":"38.2\/37.1\/38.2-3721","metadata":false},{"id":74250,"structure_id":15016,"section_number":"38.2-3722","catch_line":"Variable interest rate indebtedness; amount; disclosure; refunds","url":"\/38.2-3722\/","token":"38.2\/37.1\/38.2-3722","metadata":false},{"id":60031,"structure_id":15016,"section_number":"38.2-3723","catch_line":"Reserves","url":"\/38.2-3723\/","token":"38.2\/37.1\/38.2-3723","metadata":false},{"id":72023,"structure_id":15016,"section_number":"38.2-3724","catch_line":"Policy provisions; disclosure to debtors; delivery of policy or certificate","url":"\/38.2-3724\/","token":"38.2\/37.1\/38.2-3724","metadata":false},{"id":79475,"structure_id":15016,"section_number":"38.2-3725","catch_line":"Policy forms to be filed with Commission; approval or disapproval by Commission","url":"\/38.2-3725\/","token":"38.2\/37.1\/38.2-3725","metadata":false},{"id":81616,"structure_id":15016,"section_number":"38.2-3726","catch_line":"Credit life insurance rates","url":"\/38.2-3726\/","token":"38.2\/37.1\/38.2-3726","metadata":false},{"id":64017,"structure_id":15016,"section_number":"38.2-3727","catch_line":"Credit accident and sickness insurance rates","url":"\/38.2-3727\/","token":"38.2\/37.1\/38.2-3727","metadata":false},{"id":67560,"structure_id":15016,"section_number":"38.2-3728","catch_line":"Use of rates","url":"\/38.2-3728\/","token":"38.2\/37.1\/38.2-3728","metadata":false},{"id":77928,"structure_id":15016,"section_number":"38.2-3729","catch_line":"Refunds","url":"\/38.2-3729\/","token":"38.2\/37.1\/38.2-3729","metadata":false},{"id":76093,"structure_id":15016,"section_number":"38.2-3730","catch_line":"Experience reports and adjustment of prima facie rates","url":"\/38.2-3730\/","token":"38.2\/37.1\/38.2-3730","metadata":false},{"id":63767,"structure_id":15016,"section_number":"38.2-3731","catch_line":"Claims","url":"\/38.2-3731\/","token":"38.2\/37.1\/38.2-3731","metadata":false},{"id":78709,"structure_id":15016,"section_number":"38.2-3732","catch_line":"Insurer delegation of duties","url":"\/38.2-3732\/","token":"38.2\/37.1\/38.2-3732","metadata":false},{"id":76840,"structure_id":15016,"section_number":"38.2-3733","catch_line":"Portion of premium may be allowed to creditor; insurance may be provided and serviced at creditor's place of business","url":"\/38.2-3733\/","token":"38.2\/37.1\/38.2-3733","metadata":false},{"id":63261,"structure_id":15016,"section_number":"38.2-3734","catch_line":"License requirements","url":"\/38.2-3734\/","token":"38.2\/37.1\/38.2-3734","metadata":false},{"id":57264,"structure_id":15016,"section_number":"38.2-3735","catch_line":"Disclosure and readability","url":"\/38.2-3735\/","token":"38.2\/37.1\/38.2-3735","metadata":false},{"id":71653,"structure_id":15016,"section_number":"38.2-3736","catch_line":"Noncontributory coverage","url":"\/38.2-3736\/","token":"38.2\/37.1\/38.2-3736","metadata":false},{"id":69488,"structure_id":15016,"section_number":"38.2-3737","catch_line":"Application","url":"\/38.2-3737\/","token":"38.2\/37.1\/38.2-3737","metadata":false},{"id":70889,"structure_id":15016,"section_number":"38.2-3738","catch_line":"What laws applicable","url":"\/38.2-3738\/","token":"38.2\/37.1\/38.2-3738","metadata":false}],"next_section":{"id":61942,"structure_id":15016,"section_number":"38.2-3718","catch_line":"Definitions","url":"\/38.2-3718\/","token":"38.2\/37.1\/38.2-3718","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3717\/","history_text":"

This law was first created in 1960. The record of its establishment is cataloged in chapter 67 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 1960 \u201cActs\u201d aren\u2019t available online. It has been modified 5 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1972, chapter 527; in 1982, chapter 223; in 1986, chapter 562; in 1990, chapter 236; in 1992, chapter 586.<\/p>","references":[{"id":67482,"section_number":"38.2-1800","catch_line":"Definitions","order_by":null,"url":"\/38.2-1800\/"},{"id":82480,"section_number":"38.2-2201","catch_line":"Provisions for payment of medical expense and loss of income benefits; assignment of certain benefits","order_by":null,"url":"\/38.2-2201\/"},{"id":72867,"section_number":"38.2-3115.1","catch_line":"Accelerated payment of benefits","order_by":null,"url":"\/38.2-3115.1\/"},{"id":71560,"section_number":"8.01-27.5","catch_line":"Duty of in-network providers to submit claims to health insurers; liability of covered patients for unbilled health care services","order_by":null,"url":"\/8.01-27.5\/"}],"refers_to":false,"permalink":{"id":216061,"object_type":"law","relational_id":78738,"identifier":"38.2-3717","token":"38.2\/37.1\/38.2-3717","url":"\/38.2-3717\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-3717\/","token":"38.2\/37.1\/38.2-3717","dublin_core":{"Title":"Scope","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3717","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

All life insurance<\/span> and all accident and sickness insurance<\/span> issued or sold in connection with loans or other credit transactions<\/span> shall be subject to the provisions of this chapter except:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Such insurance<\/span> issued in connection with a loan or other credit transaction<\/span> of more than ten years duration; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Such insurance<\/span> written in connection with a credit transaction<\/span> that is:\n\t\t\ta. Secured by a first mortgage or deed of trust; and\n\t\t\tb. Made to finance the purchase of real property or the construction of a dwelling thereon, or to refinance a prior credit transaction<\/span> made for such a purpose; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Where the issuance of such insurance<\/span> is an isolated transaction on the part of the insurer<\/span> not related to an agreement or a plan for insuring debtors<\/span> of the creditor<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSCOPE (\u00a7 38.2-3717)\n\nAll life insurance and all accident and sickness insurance issued or sold in\nconnection with loans or other credit transactions shall be subject to the\nprovisions of this chapter except:\n\n1. Such insurance issued in connection with a loan or other credit transaction\nof more than ten years duration;\n\n2. Such insurance written in connection with a credit transaction that is:\n\t\t\ta. Secured by a first mortgage or deed of trust; and\n\t\t\tb. Made to finance the purchase of real property or the construction of a\ndwelling thereon, or to refinance a prior credit transaction made for such a\npurpose;\n\n3. Where the issuance of such insurance is an isolated transaction on the part\nof the insurer not related to an agreement or a plan for insuring debtors of the\ncreditor.\n\nHISTORY: 1960, c. 67, \u00a7 38.1-482.1; 1972, c. 527, \u00a7 38.2-3700; 1982, c. 223;\n1986, c. 562; 1990, c. 236; 1992, c. 586.","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}}