Va. Code § 38.2-3733

Current with changes from the 2024 legislative session through ch. 845
Section 38.2-3733 - Portion of premium may be allowed to creditor; insurance may be provided and serviced at creditor's place of business
A. A portion of the premium for credit life insurance or credit accident and sickness insurance may be allowed by the insurer to a creditor for providing and servicing such insurance. Such portion of the premium so allowed shall not be deemed as a rebate of premium or as interest charges or consideration or an amount in excess of permitted charges in connection with the loan or other credit transaction.
B. All of the acts necessary to provide and service credit life insurance and credit accident and sickness insurance may be performed within the same place of business in which is transacted the business giving rise to the loan or other credit transaction.

Va. Code § 38.2-3733

1960, c. 67, § 38.1-482.9; 1982, c. 223, § 38.2-3712; 1986, c. 562; 1992, c. 586.
Amended by Acts 1992, § c.586.
Amended by Acts 1986, § c. 562.
Amended by Acts 1982, § c. 223, § 38.2-3712.
Amended by Acts 1960, § c. 67, §38.1-482.9.