Va. Code § 46.2-481
Binder or endorsement in lieu of policy
Virginia · Code of Virginia Title 46.2 — Motor Vehicles · Status: effective
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- Citation
- Va. Code § 46.2-481, Binder or endorsement in lieu of policy, Virginia, version 1 as recorded 2026-09-27, yourstate.us, https://yourstate.us/provision/1418554
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Full text
Insurance carriers authorized to issue policies as provided in this chapter may, pending the issuance of the policy, execute an agreement to be known as a binder, which shall not be valid beyond sixty days from the date it becomes effective, or may, in lieu of a policy, issue an endorsement to an existing policy, each of which shall be construed to provide indemnity or protection in like manner and to the same extent as a formal policy. The provisions of this chapter apply to these binders and endorsements.