46.2-1937 - Coercing purchaser to provide insurance coverage on T&M vehicle. - Virginia Statutes

§ 46.2-1937. Coercing purchaser to provide insurance coverage on T&M vehicle.

It shall be unlawful for any dealer or salesperson or any employee of adealer or representative of either to coerce or offer anything of value toany purchaser of a T&M vehicle to provide any type of insurance coverage onthe T&M vehicle.

Nothing in this section shall prohibit a dealer from requiring that a retailcustomer obtain automobile physical damage insurance to protect collateralsecured by an installment sales contract. Any person found guilty ofviolating any provisions of this section shall be guilty of a Class 1misdemeanor.

(1995, cc. 767, 816.)