38.2-310 - All fees, charges, etc., to be stated in policy. - Virginia Statutes

§ 38.2-310. All fees, charges, etc., to be stated in policy.

A. All fees, charges, premiums or other consideration charged for theinsurance or for the procurement of insurance shall be stated in the policyexcept in the case of fidelity, surety, title, and group insurance, andexcept for consulting services as provided in Article 4 (§ 38.2-1837 et seq.)of Chapter 18 of this title. Except as provided in this subsection, no personshall charge or receive any fee, compensation, or consideration for insuranceor for the procurement of insurance that is not included in the premium orstated in the policy.

B. Service charges for installment payments of insurance premiums do not needto be stated in the policy if the charges are provided to the insured inwriting.

(Code 1950, § 38-508; 1952, c. 317, § 38.1-337; 1986, c. 562; 1990, c. 281.)