                                 CODE OF VIRGINIA

COMMERCIAL FIRE INSURANCE POLICIES; CHANGES TO AMOUNT OF COVERAGE (§
38.2-2108.1)

No insurer shall, after a new or renewal contract or policy of fire insurance or
fire insurance in combination with other coverage that has been issued or
delivered in the Commonwealth to insure commercial property located in the
Commonwealth has been in effect for 60 days, initiate and issue any endorsement
to the contract or policy that increases or decreases the amount of coverage on
such property unless the first named insured has consented in writing to such
proposed change in the amount of coverage.

HISTORY: 2019, c. 693.