                                 CODE OF VIRGINIA

SAME; DURATION AND CUSTODY OF BONDS, ETC (§ 5.1-9.6)

Insurance policies, bonds, certificates of insurance, or federal, state, or
municipal bonds filed with the Department shall be kept in full force at all
times. The policy, bond, or certificate of insurance shall remain in the custody
of the Department six months after the insurance or bond has expired or has been
canceled for any cause. If federal, state, or municipal bonds are deposited with
the State Treasurer as security, such bonds shall remain so deposited until six
months after the authority for use of equipment insured has expired or is
cancelled for any cause, unless otherwise ordered by the Department.

HISTORY: 1980, c. 721.