Virginia § 38.2-613.1 Disclosure of agent's moratorium required

Virginia Statutes

§ 38.2-613.1 — Disclosure of agent's moratorium required

Virginia § 38.2-613.1

Title 38.2INSURANCE

Ch. 6INSURANCE INFORMATION AND PRIVACY PROTECTION

Art. 1Collection, Use, and Dissemination of Information

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Bluebook

Va. Code Ann. § 38.2-613.1 (2026).

Text

If a duly appointed agent of an insurer proposes to place a policy of motor vehicle insurance as defined in § 38.2-2212 with another insurer or proposes to submit an application to the Virginia Automobile Insurance Plan solely because of a moratorium on such agent's selling, soliciting, or negotiating new motor vehicle insurance that would otherwise be acceptable to such insurer and such placement or submission would result in the applicant's being charged a higher rate, the agent shall disclose to the applicant the existence of the moratorium prior to such placement or submission.

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If a duly appointed agent of an insurer proposes to place a policy of motor vehicle insurance as defined in § 38.2-2212 with another insurer or proposes to submit an application to the Virginia Automobile Insurance Plan solely because of a moratorium on such agent's selling, soliciting, or negotiating new motor vehicle insurance that would otherwise be acceptable to such insurer and such placement or submission would result in the applicant's being charged a higher rate, the agent shall disclose to the applicant the existence of the moratorium prior to such placement or submission.