Loss records

Va. Code Ann. § 38.2-1313
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Each insurer licensed to transact business in this Commonwealth shall, except for accident and sickness insurance as defined in § 38.2-109 , maintain a complete and itemized record showing all losses and claims for which notice has been given. When necessary, the insurers shall maintain a record of all notices received of the occurrence of any event that may result in a loss. 1952, c. 317, § 38.1-172; 1986, c. 562.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/38.2-1313/Fetched: 10/16/2026

Starting a business in Virginia? Virginia LLC guide: costs and requirements