38.2-501 - Definitions. - Virginia Statutes

§ 38.2-501. Definitions.

As used in this chapter:

"Insurance policy" or "insurance contract" includes annuities and anygroup or individual contract, certificate, or evidence of coverage,including, but not limited to, those issued by a health services plan, healthmaintenance organization, legal services organization, legal services plan,or dental or optometric services plan as provided for in Chapters 42 (§38.2-4200 et seq.), 43 (§ 38.2-4300 et seq.), 44 (§ 38.2-4400 et seq.) and 45(§ 38.2-4500 et seq.) of this title issued, proposed for issuance, orintended for issuance, by any person.

"Lending institution" means any corporation, company or organization thataccepts deposits from the public and lends money in this Commonwealth,including banks and savings institutions.

"Person," in addition to the definition in Chapter 1 (§ 38.2-100 et seq.)of this title, extends to any other legal entity transacting the business ofinsurance, including agents, brokers and adjusters. "Person" also meanshealth, legal, dental, and optometric service plans and health maintenanceorganizations, as provided for in Chapters 42, 43, 44 and 45 of this title.For the purposes of this chapter, such service plans shall be deemed to betransacting the business of insurance. "Person" also means premium financecompanies.

(1952, c. 317, § 38.1-50; 1977, c. 529; 1980, c. 404; 1986, c. 562; 1989, c.653; 1992, c. 7; 2001, c. 707.)