{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/38.2-2405.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/38.2-2405.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/38.2-2405.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/38.2-2405.html"}],"law_id":361855,"edition_id":2,"section_id":361855,"structure_id":51715,"section_number":"38.2-2405","catch_line":"When insurer accepted as surety","history":"Code 1950, \u00a7 38-332; 1952, c. 317, \u00a7 38.1-643; 1986, c. 562.","full_text":"Any fidelity and surety insurer shall be accepted as surety upon any bond required by the laws of this Commonwealth or by any court, judge, public officer, board, or organization upon presentation of evidence satisfactory to the court, judge, or other officer authorized to approve the bond that the insurer is licensed to transact surety insurance.\n\n","order_by":null,"text":{"0":{"id":1347242,"text":"Any fidelity and surety insurer shall be accepted as surety upon any bond required by the laws of this Commonwealth or by any court, judge, public officer, board, or organization upon presentation of evidence satisfactory to the court, judge, or other officer authorized to approve the bond that the insurer is licensed to transact surety insurance.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":51715,"edition_id":2,"name":"General Provisions","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":51714,"metadata":{"child_laws":17,"child_structures":0},"date_created":"2026-08-02 02:47:09","date_modified":"2026-08-02 12:33:07","permalink":{"id":1440721,"object_type":"structure","relational_id":51715,"identifier":"1","token":"38.2\/24\/1","url":"\/38.2\/24\/1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51714,"edition_id":2,"name":"Fidelity and Surety Insurance","identifier":"24","label":"chapter","depth":2,"order_by":24,"parent_id":51644,"metadata":{"child_laws":22,"child_structures":2},"date_created":"2026-08-02 02:47:09","date_modified":"2026-08-02 12:33:07","permalink":{"id":1440719,"object_type":"structure","relational_id":51714,"identifier":"24","token":"38.2\/24","url":"\/38.2\/24\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51644,"edition_id":2,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":88,"parent_id":null,"metadata":{"child_laws":1890,"child_structures":173},"date_created":"2026-08-02 02:45:30","date_modified":"2026-08-02 12:32:55","permalink":{"id":1437663,"object_type":"structure","relational_id":51644,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":361850,"structure_id":51715,"section_number":"38.2-2400","catch_line":"Class of insurance to which chapter applies","url":"\/38.2-2400\/","token":"38.2\/24\/1\/38.2-2400","metadata":{"court_decisions":""}},{"id":361851,"structure_id":51715,"section_number":"38.2-2401","catch_line":"Fidelity and surety insurer defined","url":"\/38.2-2401\/","token":"38.2\/24\/1\/38.2-2401","metadata":{"court_decisions":""}},{"id":361852,"structure_id":51715,"section_number":"38.2-2402","catch_line":"Fidelity and surety insurer not to transact insurance without appropriate license","url":"\/38.2-2402\/","token":"38.2\/24\/1\/38.2-2402","metadata":{"court_decisions":""}},{"id":361853,"structure_id":51715,"section_number":"38.2-2403","catch_line":"Limitation of liability on risks","url":"\/38.2-2403\/","token":"38.2\/24\/1\/38.2-2403","metadata":{"court_decisions":""}},{"id":361854,"structure_id":51715,"section_number":"38.2-2404","catch_line":"Limit when penalty of bond exceeds actual exposure to risk","url":"\/38.2-2404\/","token":"38.2\/24\/1\/38.2-2404","metadata":false},{"id":361855,"structure_id":51715,"section_number":"38.2-2405","catch_line":"When insurer accepted as surety","url":"\/38.2-2405\/","token":"38.2\/24\/1\/38.2-2405","metadata":{"court_decisions":{"0":{"name":"REVI, LLC v. Chicago Title Insurance Co.","case_number":"Record 141562.","citation":"776 S.E.2d 808","date":"2015-09-17","url":"https:\/\/www.courtlistener.com\/opinion\/2959680\/revi-llc-v-chicago-title-insurance-co\/","abstract":" .\u202f.\u202f. Justice KELSEY, dissenting. .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"}}}},{"id":361856,"structure_id":51715,"section_number":"38.2-2406","catch_line":"Requirements deemed met by insurer","url":"\/38.2-2406\/","token":"38.2\/24\/1\/38.2-2406","metadata":{"court_decisions":{"0":{"name":"Whitlinger v. Continental Casualty Co.","case_number":"Civ.A. 2:00CV579","citation":"129 F. Supp. 2d 924","date":"2001-01-22","url":"https:\/\/www.courtlistener.com\/opinion\/2471561\/whitlinger-v-continental-casualty-co\/","abstract":" .\u202f.\u202f. 129 F.Supp.2d 924 (2001) .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"}}}},{"id":361857,"structure_id":51715,"section_number":"38.2-2407","catch_line":"Repealed","url":"\/38.2-2407\/","token":"38.2\/24\/1\/38.2-2407","metadata":{"court_decisions":""}},{"id":361858,"structure_id":51715,"section_number":"38.2-2409","catch_line":"Agreement for joint control of money and assets","url":"\/38.2-2409\/","token":"38.2\/24\/1\/38.2-2409","metadata":{"court_decisions":{"0":{"name":"REVI, LLC v. Chicago Title Insurance Co.","case_number":"Record 141562.","citation":"776 S.E.2d 808","date":"2015-09-17","url":"https:\/\/www.courtlistener.com\/opinion\/2959680\/revi-llc-v-chicago-title-insurance-co\/","abstract":" .\u202f.\u202f. Justice KELSEY, dissenting. .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"}}}},{"id":361859,"structure_id":51715,"section_number":"38.2-2410","catch_line":"Expense of securing bond to be allowed in settlements; exceptions","url":"\/38.2-2410\/","token":"38.2\/24\/1\/38.2-2410","metadata":{"court_decisions":{"0":{"name":"REVI, LLC v. Chicago Title Insurance Co.","case_number":"Record 141562.","citation":"776 S.E.2d 808","date":"2015-09-17","url":"https:\/\/www.courtlistener.com\/opinion\/2959680\/revi-llc-v-chicago-title-insurance-co\/","abstract":" .\u202f.\u202f. Justice KELSEY, dissenting. .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"}}}},{"id":361860,"structure_id":51715,"section_number":"38.2-2411","catch_line":"Repealed","url":"\/38.2-2411\/","token":"38.2\/24\/1\/38.2-2411","metadata":{"court_decisions":""}},{"id":361863,"structure_id":51715,"section_number":"38.2-2412","catch_line":"Notice to clerks of revocation of licenses","url":"\/38.2-2412\/","token":"38.2\/24\/1\/38.2-2412","metadata":false},{"id":361861,"structure_id":51715,"section_number":"38.2-2412.1","catch_line":"Notice to Department of Criminal Justice Services of revocation of property and casualty insurance license","url":"\/38.2-2412.1\/","token":"38.2\/24\/1\/38.2-2412.1","metadata":{"court_decisions":""}},{"id":361862,"structure_id":51715,"section_number":"38.2-2412.2","catch_line":"Surety bail bondsman; notice to Department of Criminal Justice Services of violations","url":"\/38.2-2412.2\/","token":"38.2\/24\/1\/38.2-2412.2","metadata":false},{"id":361864,"structure_id":51715,"section_number":"38.2-2413","catch_line":"Release of insurers from liability; rights and remedies","url":"\/38.2-2413\/","token":"38.2\/24\/1\/38.2-2413","metadata":{"court_decisions":""}},{"id":361865,"structure_id":51715,"section_number":"38.2-2414","catch_line":"Insurer estopped to deny power to assume liability","url":"\/38.2-2414\/","token":"38.2\/24\/1\/38.2-2414","metadata":false},{"id":361866,"structure_id":51715,"section_number":"38.2-2415","catch_line":"Where civil proceedings may be instituted","url":"\/38.2-2415\/","token":"38.2\/24\/1\/38.2-2415","metadata":false}],"previous_section":{"id":361854,"structure_id":51715,"section_number":"38.2-2404","catch_line":"Limit when penalty of bond exceeds actual exposure to risk","url":"\/38.2-2404\/","token":"38.2\/24\/1\/38.2-2404","metadata":false},"next_section":{"id":361856,"structure_id":51715,"section_number":"38.2-2406","catch_line":"Requirements deemed met by insurer","url":"\/38.2-2406\/","token":"38.2\/24\/1\/38.2-2406","metadata":{"court_decisions":{"0":{"name":"Whitlinger v. Continental Casualty Co.","case_number":"Civ.A. 2:00CV579","citation":"129 F. Supp. 2d 924","date":"2001-01-22","url":"https:\/\/www.courtlistener.com\/opinion\/2471561\/whitlinger-v-continental-casualty-co\/","abstract":" .\u202f.\u202f. 129 F.Supp.2d 924 (2001) .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"}}}},"metadata":{"court_decisions":{"0":{"name":"REVI, LLC v. Chicago Title Insurance Co.","case_number":"Record 141562.","citation":"776 S.E.2d 808","date":"2015-09-17","url":"https:\/\/www.courtlistener.com\/opinion\/2959680\/revi-llc-v-chicago-title-insurance-co\/","abstract":" .\u202f.\u202f. Justice KELSEY, dissenting. .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"}}},"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-2405\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1952, chapter 317; in 1986, chapter 562.<\/p>","references":false,"refers_to":false,"permalink":{"id":1440743,"object_type":"law","relational_id":361855,"identifier":"38.2-2405","token":"38.2\/24\/1\/38.2-2405","url":"\/38.2-2405\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/38.2-2405\/","token":"38.2\/24\/1\/38.2-2405","dublin_core":{"Title":"When insurer accepted as surety","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-2405","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Any fidelity and <span class=\"dictionary\">surety<\/span> <span class=\"dictionary\">insurer<\/span> shall be accepted as <span class=\"dictionary\">surety<\/span> upon any <span class=\"dictionary\">bond<\/span> required by the <span class=\"dictionary\">laws<\/span> of this Commonwealth or by any <span class=\"dictionary\">court<\/span>, <span class=\"dictionary\">judge<\/span>, public officer, board, or organization upon presentation of <span class=\"dictionary\">evidence<\/span> satisfactory to the <span class=\"dictionary\">court<\/span>, <span class=\"dictionary\">judge<\/span>, or other officer authorized to approve the <span class=\"dictionary\">bond<\/span> that the <span class=\"dictionary\">insurer<\/span> is licensed to transact <span class=\"dictionary\">surety<\/span> <span class=\"dictionary\">insurance<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nWHEN INSURER ACCEPTED AS SURETY (\u00a7 38.2-2405)\n\nAny fidelity and surety insurer shall be accepted as surety upon any bond\nrequired by the laws of this Commonwealth or by any court, judge, public\nofficer, board, or organization upon presentation of evidence satisfactory to\nthe court, judge, or other officer authorized to approve the bond that the\ninsurer is licensed to transact surety insurance.\n\nHISTORY: Code 1950, \u00a7 38-332; 1952, c. 317, \u00a7 38.1-643; 1986, c. 562.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}