{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/46.2-1602.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/46.2-1602.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/46.2-1602.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/46.2-1602.1.html"}],"law_id":65231,"edition_id":1,"section_id":65231,"structure_id":13677,"section_number":"46.2-1602.1","catch_line":"Duties of insurance companies upon acquiring certain vehicles","history":"1992, c. 148; 1993, c. 376; 2000, cc. 235, 257; 2023, cc. 364, 365.","full_text":"Except as otherwise provided in \u00a7 46.2-1602.3, every insurance company which acquires, as a result of the claims process, any late model vehicle titled in the Commonwealth or any recovered stolen vehicle whose estimated cost of repair exceeds 75 percent of its actual cash value shall apply to and obtain from the Department either (i) a salvage certificate or certificate of title as provided in \u00a7 46.2-1603 or (ii) a nonrepairable certificate as provided in \u00a7 46.2-1603.2 for each such vehicle. An insurance company may apply to and obtain from the Department either a salvage certificate as provided in \u00a7 46.2-1603 or a nonrepairable certificate as provided in \u00a7 46.2-1603.2 for any other vehicle which is determined to be either a salvage vehicle or a nonrepairable vehicle.","order_by":null,"text":{"0":{"id":237279,"text":"Except as otherwise provided in \u00a7 46.2-1602.3, every insurance company which acquires, as a result of the claims process, any late model vehicle titled in the Commonwealth or any recovered stolen vehicle whose estimated cost of repair exceeds 75 percent of its actual cash value shall apply to and obtain from the Department either (i) a salvage certificate or certificate of title as provided in \u00a7 46.2-1603 or (ii) a nonrepairable certificate as provided in \u00a7 46.2-1603.2 for each such vehicle. An insurance company may apply to and obtain from the Department either a salvage certificate as provided in \u00a7 46.2-1603 or a nonrepairable certificate as provided in \u00a7 46.2-1603.2 for any other vehicle which is determined to be either a salvage vehicle or a nonrepairable vehicle.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13677,"edition_id":1,"name":"Salvage, Nonrepairable, and Rebuilt Vehicles","identifier":"16","label":"chapter","depth":3,"order_by":1,"parent_id":13355,"metadata":{},"date_created":"2026-06-26 03:45:32","date_modified":"2026-06-26 03:45:32","permalink":{"id":231781,"object_type":"structure","relational_id":13677,"identifier":"16","token":"46.2\/IV\/16","url":"\/46.2\/IV\/16\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13355,"edition_id":1,"name":"Dealers and Driver Training Schools","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12770,"metadata":{},"date_created":"2026-06-26 03:44:42","date_modified":"2026-06-26 03:44:42","permalink":{"id":231065,"object_type":"structure","relational_id":13355,"identifier":"IV","token":"46.2\/IV","url":"\/46.2\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12770,"edition_id":1,"name":"Motor Vehicles","identifier":"46.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:52","date_modified":"2026-06-26 03:43:52","permalink":{"id":225289,"object_type":"structure","relational_id":12770,"identifier":"46.2","token":"46.2","url":"\/46.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":58576,"structure_id":13677,"section_number":"46.2-1600","catch_line":"Definitions","url":"\/46.2-1600\/","token":"46.2\/IV\/16\/46.2-1600","metadata":false},{"id":58776,"structure_id":13677,"section_number":"46.2-1601","catch_line":"Licensing of dealers of salvage vehicles; fees","url":"\/46.2-1601\/","token":"46.2\/IV\/16\/46.2-1601","metadata":false},{"id":68846,"structure_id":13677,"section_number":"46.2-1601.1","catch_line":"Advertising and display of license; business hours","url":"\/46.2-1601.1\/","token":"46.2\/IV\/16\/46.2-1601.1","metadata":false},{"id":69351,"structure_id":13677,"section_number":"46.2-1601.2","catch_line":"Acts of officers, directors, and partners","url":"\/46.2-1601.2\/","token":"46.2\/IV\/16\/46.2-1601.2","metadata":false},{"id":82874,"structure_id":13677,"section_number":"46.2-1601.3","catch_line":"Grounds for denying, suspending, or revoking licenses","url":"\/46.2-1601.3\/","token":"46.2\/IV\/16\/46.2-1601.3","metadata":false},{"id":85538,"structure_id":13677,"section_number":"46.2-1602","catch_line":"Certain sales prohibited; exceptions","url":"\/46.2-1602\/","token":"46.2\/IV\/16\/46.2-1602","metadata":false},{"id":65231,"structure_id":13677,"section_number":"46.2-1602.1","catch_line":"Duties of insurance companies upon acquiring certain vehicles","url":"\/46.2-1602.1\/","token":"46.2\/IV\/16\/46.2-1602.1","metadata":false},{"id":81945,"structure_id":13677,"section_number":"46.2-1602.2","catch_line":"Exemptions","url":"\/46.2-1602.2\/","token":"46.2\/IV\/16\/46.2-1602.2","metadata":false},{"id":82091,"structure_id":13677,"section_number":"46.2-1602.3","catch_line":"Exception; vehicles sold for recycling parts, dismantling, demolishing, or utilizing for scrap","url":"\/46.2-1602.3\/","token":"46.2\/IV\/16\/46.2-1602.3","metadata":false},{"id":61621,"structure_id":13677,"section_number":"46.2-1603","catch_line":"Obtaining salvage certificate or certificate of title for an unrecovered stolen vehicle","url":"\/46.2-1603\/","token":"46.2\/IV\/16\/46.2-1603","metadata":false},{"id":69665,"structure_id":13677,"section_number":"46.2-1603.1","catch_line":"Duties of licensees","url":"\/46.2-1603.1\/","token":"46.2\/IV\/16\/46.2-1603.1","metadata":false},{"id":55704,"structure_id":13677,"section_number":"46.2-1603.2","catch_line":"Owner may declare vehicle nonrepairable; insurance company required to obtain a nonrepairable certificate; applicability of certain other laws to nonrepairable certificates; titling and registration of nonrepairable vehicle prohibited","url":"\/46.2-1603.2\/","token":"46.2\/IV\/16\/46.2-1603.2","metadata":false},{"id":59590,"structure_id":13677,"section_number":"46.2-1604","catch_line":"Rebuilders required to possess certificate of title or salvage certificate","url":"\/46.2-1604\/","token":"46.2\/IV\/16\/46.2-1604","metadata":false},{"id":56078,"structure_id":13677,"section_number":"46.2-1605","catch_line":"Vehicles rebuilt for highway use; examinations; branding of titles","url":"\/46.2-1605\/","token":"46.2\/IV\/16\/46.2-1605","metadata":false},{"id":54656,"structure_id":13677,"section_number":"46.2-1606","catch_line":"Certificates of title issued by other states; nonnegotiable titles","url":"\/46.2-1606\/","token":"46.2\/IV\/16\/46.2-1606","metadata":false},{"id":71773,"structure_id":13677,"section_number":"46.2-1607","catch_line":"Inspection of records and examination of inventory","url":"\/46.2-1607\/","token":"46.2\/IV\/16\/46.2-1607","metadata":false},{"id":60419,"structure_id":13677,"section_number":"46.2-1608","catch_line":"Maintenance and contents of records","url":"\/46.2-1608\/","token":"46.2\/IV\/16\/46.2-1608","metadata":false},{"id":67751,"structure_id":13677,"section_number":"46.2-1608.1","catch_line":"Reports to police department; local ordinance; holding period; penalty","url":"\/46.2-1608.1\/","token":"46.2\/IV\/16\/46.2-1608.1","metadata":false},{"id":77682,"structure_id":13677,"section_number":"46.2-1608.2","catch_line":"Licensees to update records of the Department for motor vehicles that are to be demolished or dismantled","url":"\/46.2-1608.2\/","token":"46.2\/IV\/16\/46.2-1608.2","metadata":false},{"id":76509,"structure_id":13677,"section_number":"46.2-1609","catch_line":"Penalties","url":"\/46.2-1609\/","token":"46.2\/IV\/16\/46.2-1609","metadata":false},{"id":73259,"structure_id":13677,"section_number":"46.2-1610","catch_line":"Disposition of fees","url":"\/46.2-1610\/","token":"46.2\/IV\/16\/46.2-1610","metadata":false}],"previous_section":{"id":85538,"structure_id":13677,"section_number":"46.2-1602","catch_line":"Certain sales prohibited; exceptions","url":"\/46.2-1602\/","token":"46.2\/IV\/16\/46.2-1602","metadata":false},"next_section":{"id":81945,"structure_id":13677,"section_number":"46.2-1602.2","catch_line":"Exemptions","url":"\/46.2-1602.2\/","token":"46.2\/IV\/16\/46.2-1602.2","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/46.2-1602.1\/","history_text":"

This law was first created in 1992. The record of its establishment is cataloged in chapter 148 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 1992 \u201cActs\u201d aren\u2019t available online. It has been modified 3 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 1993, chapter 376; in 2000, chapters 235<\/a> and 257<\/a>; in 2023, chapters 364<\/a> and 365<\/a>.<\/p>","references":false,"refers_to":[{"id":82091,"section_number":"46.2-1602.3","catch_line":"Exception; vehicles sold for recycling parts, dismantling, demolishing, or utilizing for scrap","order_by":null,"url":"\/46.2-1602.3\/"},{"id":61621,"section_number":"46.2-1603","catch_line":"Obtaining salvage certificate or certificate of title for an unrecovered stolen vehicle","order_by":null,"url":"\/46.2-1603\/"},{"id":55704,"section_number":"46.2-1603.2","catch_line":"Owner may declare vehicle nonrepairable; insurance company required to obtain a nonrepairable certificate; applicability of certain other laws to nonrepairable certificates; titling and registration of nonrepairable vehicle prohibited","order_by":null,"url":"\/46.2-1603.2\/"}],"permalink":{"id":231807,"object_type":"law","relational_id":65231,"identifier":"46.2-1602.1","token":"46.2\/IV\/16\/46.2-1602.1","url":"\/46.2-1602.1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/46.2-1602.1\/","token":"46.2\/IV\/16\/46.2-1602.1","dublin_core":{"Title":"Duties of insurance companies upon acquiring certain vehicles","Type":"Text","Format":"text\/html","Identifier":"\u00a7 46.2-1602.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Except as otherwise provided in \u00a7 46.2-1602.3<\/a>, every insurance company which acquires, as a result of the claims process, any late model vehicle<\/span> titled in the Commonwealth or any recovered stolen vehicle whose estimated cost of repair exceeds 75 percent of its actual cash value shall apply to and obtain from the Department<\/span> either (i) a salvage certificate<\/span> or certificate of title as provided in \u00a7 46.2-1603<\/a> or (ii) a nonrepairable certificate<\/span> as provided in \u00a7 46.2-1603.2<\/a> for each such vehicle. An insurance company may apply to and obtain from the Department<\/span> either a salvage certificate<\/span> as provided in \u00a7 46.2-1603<\/a> or a nonrepairable certificate<\/span> as provided in \u00a7 46.2-1603.2<\/a> for any other vehicle which is determined to be either a salvage vehicle<\/span> or a nonrepairable vehicle<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDUTIES OF INSURANCE COMPANIES UPON ACQUIRING CERTAIN VEHICLES (\u00a7 46.2-1602.1)\n\nExcept as otherwise provided in \u00a7 46.2-1602.3, every insurance company which\nacquires, as a result of the claims process, any late model vehicle titled in\nthe Commonwealth or any recovered stolen vehicle whose estimated cost of repair\nexceeds 75 percent of its actual cash value shall apply to and obtain from the\nDepartment either (i) a salvage certificate or certificate of title as provided\nin \u00a7 46.2-1603 or (ii) a nonrepairable certificate as provided in \u00a7\n46.2-1603.2 for each such vehicle. An insurance company may apply to and obtain\nfrom the Department either a salvage certificate as provided in \u00a7 46.2-1603 or\na nonrepairable certificate as provided in \u00a7 46.2-1603.2 for any other vehicle\nwhich is determined to be either a salvage vehicle or a nonrepairable vehicle.\n\nHISTORY: 1992, c. 148; 1993, c. 376; 2000, cc. 235, 257; 2023, cc. 364, 365.","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}}