5.1-9.6 - Same; duration and custody of bonds, etc. - Virginia Statutes

§ 5.1-9.6. Same; duration and custody of bonds, etc.

Insurance policies, bonds, certificates of insurance, or federal, state, ormunicipal bonds filed with the Department shall be kept in full force at alltimes. The policy, bond, or certificate of insurance shall remain in thecustody of the Department six months after the insurance or bond has expiredor has been canceled for any cause. If federal, state, or municipal bonds aredeposited with the State Treasurer as security, such bonds shall remain sodeposited until six months after the authority for use of equipment insuredhas expired or is cancelled for any cause, unless otherwise ordered by theDepartment.

(1980, c. 721.)