                                 CODE OF VIRGINIA

PORTION OF PREMIUM MAY BE ALLOWED TO CREDITOR; INSURANCE MAY BE PROVIDED AND
SERVICED AT CREDITOR&#8217;S PLACE OF BUSINESS (§ 38.2-3733)

A. A portion of the premium for credit life insurance or credit accident and
sickness insurance may be allowed by the insurer to a creditor for providing and
servicing such insurance. Such portion of the premium so allowed shall not be
deemed as a rebate of premium or as interest charges or consideration or an
amount in excess of permitted charges in connection with the loan or other
credit transaction.

B. All of the acts necessary to provide and service credit life insurance and
credit accident and sickness insurance may be performed within the same place of
business in which is transacted the business giving rise to the loan or other
credit transaction.

HISTORY: 1960, c. 67, § 38.1-482.9; 1982, c. 223, § 38.2-3712; 1986, c. 562;
1992, c. 586.