                                 CODE OF VIRGINIA

REQUIRED STATEMENT ON INSURANCE POLICIES FOR OWNER-OCCUPIED DWELLINGS (§
38.2-2118)

Each insurer writing insurance on owner-occupied dwellings and appurtenant
structures with a replacement cost provision under the provisions of Chapter 19
(§ 38.2-1900 et seq.) shall provide on each new and renewal policy a statement
summarizing (i) any minimum coverage requirement necessary for the replacement
cost provision to be fully effective and (ii) the effect on claim payment of not
meeting the minimum coverage requirement.

HISTORY: 1977, c. 530, § 38.1-279.49:1; 1986, c. 562; 2016, c. 558.