Virginia Statutes
§ 38.2-2420 — Bonds executed under power of attorney binding on insurer
Virginia § 38.2-2420
JurisdictionVirginia
Title 38.2INSURANCE
Ch. 24FIDELITY AND SURETY INSURANCE
Art. 2POWER OF ATTORNEY TO EXECUTE BONDS
This text of Virginia § 38.2-2420 (Bonds executed under power of attorney binding on insurer) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 38.2-2420 (2026).
Text
Any bond or obligation executed in the name and on behalf of the insurer as surety under the authority of the power of attorney shall have the same force, effect and validity, and shall be as binding upon the insurer in the name and on behalf of which it is executed as if it were properly executed by the insurer itself through its officers under its common seal. For the purpose of this section, the seal of the insurer or the seal of the attorney-in-fact shall not be required to be affixed to the bond or obligation.
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Legislative History
Code 1950, § 38-338; 1952, c. 317, § 38.1-657; 1986, c. 562.
Nearby Sections
15
§ 38.2-100
Definitions§ 38.2-1000
Incorporation of domestic stock insurers§ 38.2-1001
Incorporation of domestic mutual insurers§ 38.2-1004
Voting§ 38.2-1005
Certain mutual companies and societies not to become stock companies without approval of Commission§ 38.2-1005.1:1
Definitions§ 38.2-1005.1:10
Conflicts of interest§ 38.2-1005.1:11
Costs and expenses§ 38.2-1005.1:12
Failure to give notice§ 38.2-1005.1:13
Limitation on actionsCite This Page — Counsel Stack
Bluebook (online)
Virginia § 38.2-2420, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/38.2/38.2-2420.