38.2-2413 - Release of insurers from liability; rights and remedies. - Virginia Statutes

§ 38.2-2413. Release of insurers from liability; rights and remedies.

Any fidelity and surety insurer shall be released from its liability on thesame terms and conditions as are prescribed by law for the release ofindividuals. Any fidelity and surety insurer shall have all the rights,remedies and relief to which an individual guarantor, indemnitor, or suretyis entitled.

(Code 1950, § 38-333; 1952, c. 317, § 38.1-649; 1986, c. 562.)