38.2-2112 - Temporary insurance contracts; duration; what deemed to include. - Virginia Statutes

§ 38.2-2112. Temporary insurance contracts; duration; what deemed to include.

A. Oral or written binders or other temporary insurance contracts may be madeand used for a period not exceeding sixty days pending the issuance of thepolicy, and shall be deemed to include all agreements and provisions set outin §§ 38.2-2104 and 38.2-2105 and all applicable endorsements designated inthe temporary insurance contract. Unless otherwise expressly provided, thecontract shall be deemed to include the usual provisions, stipulations andagreements which are commonly used in this Commonwealth in effecting theinsurance.

B. No temporary insurance contract shall include any provision or agreementwhich is inconsistent with or waives any provision, stipulation, agreement orcondition required by § 38.2-2104 or § 38.2-2105. However, the cancellationprovision and the provision fixing the hour of inception may be superseded bythe express terms of the temporary insurance contract.

(Code 1950, § 38-181; 1952, c. 317, § 38.1-371; 1986, c. 562.)