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Virginia Law

Code of Virginia

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Code of Virginia
Title 38.2. Insurance
Chapter 64. Guaranteed Asset Protection Waivers
4/18/2026

§ 38.2-6406. GAP waivers not insurance.

GAP waivers governed under this chapter are not insurance and are exempt from the insurance laws of the Commonwealth. Persons marketing, soliciting, negotiating, selling, or offering to sell GAP waivers that comply with this chapter are exempt from the Commonwealth's licensing requirements.

2019, cc. 799, 800.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.