46.2-474 - Policy must contain certain agreement; additional coverage. - Virginia Statutes

§ 46.2-474. Policy must contain certain agreement; additional coverage.

Every policy of insurance subject to the provisions of this chapter:

1. Shall contain an agreement that the insurance is provided in accordancewith the coverage defined in this chapter as respects bodily injury, death,property damage, and destruction and that it is subject to all the provisionsof this chapter and of the laws of the Commonwealth relating to this kind ofinsurance; and

2. May grant any lawful coverage in excess of or in addition to the coverageherein specified and this excess or additional coverage shall not be subjectto the provisions of this chapter but shall be subject to other applicablelaws of the Commonwealth.

(Code 1950, § 46-494; 1958, c. 541, § 46.1-506; 1989, c. 727.)