A. A home protection company that engages in any business other than the business of a home protection company is not eligible for the issuance or renewal of a license in this Commonwealth.
B. Nothing in this chapter shall be deemed to authorize any home protection company to transact any business other than that of a home protection company or to transact any other business of insurance, unless the company is authorized by a license issued by the Commission.
1981, c. 530, § 38.1-945; 1986, c. 562; 2006, c. 634; 2017, c. 727.
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