"Credit property insurance" means insurance against direct physical damage to personal household property used as security for a loan or other credit transaction. Such insurance may insure the creditor as sole beneficiary or may insure both the creditor and the debtor with the creditor as primary beneficiary and the debtor as beneficiary of proceeds not paid to the creditor. For purposes of this definition, "personal household property" does not include motor vehicles, mobile homes, or watercraft. The term "credit property insurance" shall not mean any insurance defined in § 38.2-122.
2000, c. 526.
Structure Code of Virginia
Chapter 1 - General Provisions
§ 38.2-100.1. Certified mail; subsequent mail or notices may be sent by regular mail
§ 38.2-101. Classification of insurance
§ 38.2-105.1. Modified guaranteed life insurance
§ 38.2-106.1. Charitable gift annuities
§ 38.2-107.1. Modified guaranteed annuity
§ 38.2-107.2. Private family leave insurance
§ 38.2-108. Credit accident and sickness
§ 38.2-109. Accident and sickness
§ 38.2-111. Miscellaneous property and casualty
§ 38.2-113. Burglary and theft
§ 38.2-115. Boiler and machinery
§ 38.2-117. Personal injury liability
§ 38.2-118. Property damage liability
§ 38.2-119. Workers' compensation and employers' liability
§ 38.2-122.1. Credit involuntary unemployment insurance
§ 38.2-122.2. Credit property insurance
§ 38.2-127. Legal services insurance
§ 38.2-128. Mortgage guaranty insurance
§ 38.2-129. Home protection insurance
§ 38.2-130. Homeowners insurance
§ 38.2-131. Farmowners insurance
§ 38.2-132. Commercial multi-peril insurance
§ 38.2-133. Contingent and consequential losses
§ 38.2-134. Definitions to include other insurance of same general kind
§ 38.2-135. Classes of insurance companies may be licensed to write