                                 CODE OF VIRGINIA

UNEARNED PREMIUM RESERVES OF FOREIGN TITLE INSURANCE COMPANIES (§
38.2-4610.1:1)

A foreign title insurance company licensed to transact business in the
Commonwealth shall be permitted to establish and maintain an unearned premium
reserve on title insurance policies issued on properties located in the
Commonwealth pursuant to the reserving laws of that foreign title insurance
company&#8217;s domiciliary regulator so long as the domiciliary regulator is
accredited under the National Association of Insurance Commissioner&#8217;s
Financial Regulation Standards and Accreditation Program.

HISTORY: 2008, c. 248.