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Summary of Certain 2017 Virginia Insurance Law Amendments

The Virginia General Assembly has enacted amendments or additions to several portions of the Code of Virginia (the “Code”) relating to insurance that go into effect July 1, 2017 (except as otherwise indicated). The following is a brief summary of some of the amendments that may be of interest.

General Changes:

Property & Casualty:

Life and Health:

Please note this is just a summary of certain legislative changes. It is not a complete list or interpretation of the insurance related legislative amendments in Virginia in 2017. If you have any questions or would like additional information, please contact Scott Sorkin or Richard Bland at ssorkin@blandsorkin.com or rbland@blandsorkin.com.

Insurance Regulatory Practice Captive Insurance Companies Stock Form of Insurance Company Property and Casualty Insurance Companies Life and Health Insurance Companies Reciprocal Exchange Form of Insurance Company Mutual Form of Insurance Company Enhanced Mutual Form of Insurance Company