                                 CODE OF VIRGINIA

CONTRACTS OF TEMPORARY INSURANCE; DURATION; WHAT DEEMED TO INCLUDE (§ 38.2-304)

A. Oral or written binders or other temporary insurance contracts may be made
and used for a period not exceeding sixty days pending the issuance of the
policy. Unless otherwise provided, oral or written binders or other temporary
insurance contracts shall be deemed to include the usual provisions,
stipulations and agreements which are commonly used in this Commonwealth in
effecting the class of insurance being written.

B. This section shall not apply to:

   1. Binders or other contracts referred to in &#xA7;&#xA7; 38.2-2112 and
   38.2-4605;

   2. Conditional receipts issued by life insurers; or

   3. Group insurance policies.

HISTORY: Code 1950, § 38-181; 1952, c. 317, § 38.2-332; 1986, c. 562.