Section 6.2-411 - Requirements relating to insuranceA. Any lender making a loan secured by a subordinate mortgage or deed of trust, as defined in § 6.2-300, may require the borrower to provide: 1. Evidence of flood insurance if the security property is located in a special flood hazard area;2. Evidence of fire and extended coverage insurance; and3. Decreasing term life insurance, in an amount not exceeding the amount of the loan and for a period not exceeding the term of the loan.B. At the option of the borrower, accident and health insurance and involuntary unemployment insurance may be provided by the lender.C. Proof of all insurance issued in connection with loans subject to this chapter shall be furnished to the borrower within 10 days from the date the loan is closed.1987, c. 622, § 6.1-330.72; 1993, c. 774; 1995, c. 75; 1996, c. 243; 1998, cc. 69, 89; 2010, c. 794.Amended by Acts 2010, § c. 794.Amended by Acts 1998, § cc. 69, 89.Amended by Acts 1996, § c. 243.Amended by Acts 1995, § c. 75.Amended by Acts 1993, § c. 774.Amended by Acts 1987, § c. 622, § 6.1-330.72.