                                 CODE OF VIRGINIA

CREDIT (§ 38.2-122)

&#8220;Credit insurance&#8221; means indemnifying merchants or other persons
extending credit against loss or damage resulting from the nonpayment of debts
owed to them. &#8220;Credit insurance&#8221; includes the incidental power to
acquire and dispose of debts so insured and to collect any debts owed to the
insurer or to any persons so insured by the insurer. &#8220;Credit
insurance&#8221; does not include any insurance defined in §§ 38.2-103,
38.2-108, 38.2-122.1, 38.2-122.2 or § 38.2-128.

HISTORY: 1952, c. 317, § 38.1-19; 1986, c. 562; 2000, c. 526.