                                 CODE OF VIRGINIA

CANCELLATION OF INSURANCE OR CORPORATE SURETY BOND (§ 5.1-88.4)

No policy of insurance or corporate surety bond issued pursuant to this chapter
may be canceled or terminated, except for nonpayment of premiums, until at least
thirty days after notice of cancellation or termination of said policy of
insurance or corporate surety bond has been filed in the office of the
Department, except that a subsequent policy or corporate surety bond procured
and certified to the Department shall on the effective date thereof terminate
the insurance or corporate surety bond previously in effect with respect to any
aircraft designated in both policies or corporate surety bonds.

HISTORY: Code 1950, § 5.1-87; 1968, c. 773; 1970, c. 707; 1979, c. 272.