In addition to the provisions of Chapter 5 (§ 38.2-500) of this title, the Commission may order any home protection company or its representatives to cease and desist from engaging in the following unfair trade practices:
1. The making of any false or misleading statements, either oral or written, in connection with the sale, offer to sell, or advertisement of a home protection contract;
2. The omission of any material statement in connection with the sale, offer to sell, or advertisement of a contract that under the circumstances should have been made in order to make the statements that were made not misleading;
3. The making of any statement that the purchase of a home protection contract is mandatory;
4. The making of any false or misleading statements, either oral or written, about the benefits or services available under the contract;
5. The failure to perform the services promised under the contract in a timely, competent, or workmanlike manner; or
6. Any statement or practice which has the effect of creating or maintaining a fraud.
1981, c. 530, § 38.1-942; 1986, c. 562.
Structure Code of Virginia
Chapter 26 - Home Protection Companies
§ 38.2-2602. Limited applicability to certain insurers
§ 38.2-2603. License required; application; fee
§ 38.2-2604. Qualification for license; net worth; deposit of securities with State Treasurer
§ 38.2-2605. Expiration and renewal of license
§ 38.2-2606. Reserves required
§ 38.2-2607. Annual statements
§ 38.2-2609. Qualifications of agents
§ 38.2-2610. Cancellation of home protection contracts
§ 38.2-2611. Unfair discrimination
§ 38.2-2612. Unfair trade practices
§ 38.2-2613. Application of insurance laws
§ 38.2-2614. Fronting not permitted
§ 38.2-2615. Other insurance transactions prohibited