Current with changes from the 2024 legislative session through ch. 845
Section 38.2-4808 - Effect of payment to surplus lines brokerA. No surplus lines broker may accept a payment of premium for issuance of surplus lines insurance before placing the insurance with an eligible nonadmitted insurer.B. A payment of premium to a surplus lines broker shall be deemed to be payment to the insurer notwithstanding any policy conditions or stipulations to the contrary.1986, c. 562; 2018, c. 205.Amended by Acts 2018 c. 205, § 1, eff. 7/1/2018.