{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/46.2-442.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/46.2-442.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/46.2-442.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/46.2-442.html"}],"law_id":365711,"edition_id":2,"section_id":365711,"structure_id":52164,"section_number":"46.2-442","catch_line":"Default of foreign insurance carrier","history":"Code 1950, \u00a7 46-462; 1958, c. 541, \u00a7 46.1-474; 1989, c. 727.","full_text":"If any insurance carrier not authorized to do business in the Commonwealth which is qualified to furnish proof of financial responsibility defaults in any of its undertakings or agreements, the Commissioner shall not thereafter accept any certificate of that carrier so long as the default continues and shall revoke licenses previously granted on the basis of its policies unless the default is immediately repaired.\n\n","order_by":null,"text":{"0":{"id":1362589,"text":"If any insurance carrier not authorized to do business in the Commonwealth which is qualified to furnish proof of financial responsibility defaults in any of its undertakings or agreements, the Commissioner shall not thereafter accept any certificate of that carrier so long as the default continues and shall revoke licenses previously granted on the basis of its policies unless the default is immediately repaired.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":52164,"edition_id":2,"name":"Proof of Financial Responsibility","identifier":"15","label":"article","depth":4,"order_by":16,"parent_id":52148,"metadata":{"child_laws":29,"child_structures":0},"date_created":"2026-08-02 02:54:37","date_modified":"2026-08-02 12:34:05","permalink":{"id":1453005,"object_type":"structure","relational_id":52164,"identifier":"15","token":"46.2\/II\/3\/15","url":"\/46.2\/II\/3\/15\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52148,"edition_id":2,"name":"Licensure of Drivers","identifier":"3","label":"chapter","depth":3,"order_by":1,"parent_id":52147,"metadata":{"child_laws":313,"child_structures":20},"date_created":"2026-08-02 02:54:13","date_modified":"2026-08-02 12:34:03","permalink":{"id":1452631,"object_type":"structure","relational_id":52148,"identifier":"3","token":"46.2\/II\/3","url":"\/46.2\/II\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52147,"edition_id":2,"name":"Titling, Registration and Licensure","identifier":"II","label":"subtitle","depth":2,"order_by":2,"parent_id":52048,"metadata":{"child_laws":724,"child_structures":36},"date_created":"2026-08-02 02:54:13","date_modified":"2026-08-02 12:34:03","permalink":{"id":1452629,"object_type":"structure","relational_id":52147,"identifier":"II","token":"46.2\/II","url":"\/46.2\/II\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52048,"edition_id":2,"name":"Motor Vehicles","identifier":"46.2","label":"title","depth":1,"order_by":101,"parent_id":null,"metadata":{"child_laws":1830,"child_structures":157},"date_created":"2026-08-02 02:52:29","date_modified":"2026-08-02 12:34:02","permalink":{"id":1452291,"object_type":"structure","relational_id":52048,"identifier":"46.2","token":"46.2","url":"\/46.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":365704,"structure_id":52164,"section_number":"46.2-435","catch_line":"Proof of financial responsibility to be furnished for each vehicle","url":"\/46.2-435\/","token":"46.2\/II\/3\/15\/46.2-435","metadata":false},{"id":365705,"structure_id":52164,"section_number":"46.2-436","catch_line":"Methods of proving financial responsibility","url":"\/46.2-436\/","token":"46.2\/II\/3\/15\/46.2-436","metadata":false},{"id":365706,"structure_id":52164,"section_number":"46.2-437","catch_line":"Proof of financial responsibility by owner in lieu of driver","url":"\/46.2-437\/","token":"46.2\/II\/3\/15\/46.2-437","metadata":false},{"id":365707,"structure_id":52164,"section_number":"46.2-438","catch_line":"Proof by owner of vehicles operated under permit or certificate of State Corporation Commission or Department of Motor Vehicles","url":"\/46.2-438\/","token":"46.2\/II\/3\/15\/46.2-438","metadata":false},{"id":365708,"structure_id":52164,"section_number":"46.2-439","catch_line":"Proof of financial responsibility in the future","url":"\/46.2-439\/","token":"46.2\/II\/3\/15\/46.2-439","metadata":false},{"id":365709,"structure_id":52164,"section_number":"46.2-440","catch_line":"Certificate for nonresident may be by carrier not qualified in Commonwealth","url":"\/46.2-440\/","token":"46.2\/II\/3\/15\/46.2-440","metadata":false},{"id":365710,"structure_id":52164,"section_number":"46.2-441","catch_line":"Nonresident may file proof of financial responsibility in the future from insurance company or other state-authorized entity providing insurance","url":"\/46.2-441\/","token":"46.2\/II\/3\/15\/46.2-441","metadata":false},{"id":365711,"structure_id":52164,"section_number":"46.2-442","catch_line":"Default of foreign insurance carrier","url":"\/46.2-442\/","token":"46.2\/II\/3\/15\/46.2-442","metadata":false},{"id":365712,"structure_id":52164,"section_number":"46.2-443","catch_line":"Chapter not applicable to certain policies of insurance","url":"\/46.2-443\/","token":"46.2\/II\/3\/15\/46.2-443","metadata":false},{"id":365713,"structure_id":52164,"section_number":"46.2-444","catch_line":"Surety requirements of bond","url":"\/46.2-444\/","token":"46.2\/II\/3\/15\/46.2-444","metadata":false},{"id":365714,"structure_id":52164,"section_number":"46.2-445","catch_line":"How bond to be conditioned","url":"\/46.2-445\/","token":"46.2\/II\/3\/15\/46.2-445","metadata":false},{"id":365715,"structure_id":52164,"section_number":"46.2-446","catch_line":"Notice to Commissioner prerequisite to cancellation of bond; cancellation not to affect rights arising prior thereto","url":"\/46.2-446\/","token":"46.2\/II\/3\/15\/46.2-446","metadata":false},{"id":365716,"structure_id":52164,"section_number":"46.2-447","catch_line":"Bond to constitute lien on real estate of surety","url":"\/46.2-447\/","token":"46.2\/II\/3\/15\/46.2-447","metadata":false},{"id":365717,"structure_id":52164,"section_number":"46.2-448","catch_line":"Notice of cancellation; record; fees","url":"\/46.2-448\/","token":"46.2\/II\/3\/15\/46.2-448","metadata":false},{"id":365718,"structure_id":52164,"section_number":"46.2-449","catch_line":"Cancellation of bond with individual sureties; certificates of cancellation","url":"\/46.2-449\/","token":"46.2\/II\/3\/15\/46.2-449","metadata":false},{"id":365719,"structure_id":52164,"section_number":"46.2-450","catch_line":"Order discharging lien of bond","url":"\/46.2-450\/","token":"46.2\/II\/3\/15\/46.2-450","metadata":false},{"id":365720,"structure_id":52164,"section_number":"46.2-451","catch_line":"Action or suit on bond","url":"\/46.2-451\/","token":"46.2\/II\/3\/15\/46.2-451","metadata":false},{"id":365721,"structure_id":52164,"section_number":"46.2-452","catch_line":"Parties to suit on bond with individual sureties","url":"\/46.2-452\/","token":"46.2\/II\/3\/15\/46.2-452","metadata":false},{"id":365722,"structure_id":52164,"section_number":"46.2-453","catch_line":"Proof of financial responsibility by delivering cash or securities","url":"\/46.2-453\/","token":"46.2\/II\/3\/15\/46.2-453","metadata":false},{"id":365723,"structure_id":52164,"section_number":"46.2-454","catch_line":"Moneys or securities to be deposited with State Treasurer subject to execution","url":"\/46.2-454\/","token":"46.2\/II\/3\/15\/46.2-454","metadata":false},{"id":365724,"structure_id":52164,"section_number":"46.2-455","catch_line":"Assessment for expense of holding deposits","url":"\/46.2-455\/","token":"46.2\/II\/3\/15\/46.2-455","metadata":false},{"id":365725,"structure_id":52164,"section_number":"46.2-456","catch_line":"Additional security if fund impaired by any legal process, or otherwise","url":"\/46.2-456\/","token":"46.2\/II\/3\/15\/46.2-456","metadata":false},{"id":365726,"structure_id":52164,"section_number":"46.2-457","catch_line":"Substitution of new proof; cancellation or return of old","url":"\/46.2-457\/","token":"46.2\/II\/3\/15\/46.2-457","metadata":false},{"id":365727,"structure_id":52164,"section_number":"46.2-458","catch_line":"Interpleader to determine rights in deposits; other proceedings","url":"\/46.2-458\/","token":"46.2\/II\/3\/15\/46.2-458","metadata":false},{"id":365728,"structure_id":52164,"section_number":"46.2-459","catch_line":"When other proof of financial responsibility required; suspension of license pending furnishing of proof required","url":"\/46.2-459\/","token":"46.2\/II\/3\/15\/46.2-459","metadata":false},{"id":365729,"structure_id":52164,"section_number":"46.2-460","catch_line":"When Commissioner to consent to cancellation of bond or policy, or return of money or securities","url":"\/46.2-460\/","token":"46.2\/II\/3\/15\/46.2-460","metadata":false},{"id":365730,"structure_id":52164,"section_number":"46.2-461","catch_line":"When Commissioner not to release proof of financial responsibility; affidavit of nonexistence of facts","url":"\/46.2-461\/","token":"46.2\/II\/3\/15\/46.2-461","metadata":false},{"id":365731,"structure_id":52164,"section_number":"46.2-462","catch_line":"New license or registration to person to whom proof surrendered","url":"\/46.2-462\/","token":"46.2\/II\/3\/15\/46.2-462","metadata":false},{"id":365732,"structure_id":52164,"section_number":"46.2-463","catch_line":"Penalty for forging evidence of financial responsibility","url":"\/46.2-463\/","token":"46.2\/II\/3\/15\/46.2-463","metadata":false}],"previous_section":{"id":365710,"structure_id":52164,"section_number":"46.2-441","catch_line":"Nonresident may file proof of financial responsibility in the future from insurance company or other state-authorized entity providing insurance","url":"\/46.2-441\/","token":"46.2\/II\/3\/15\/46.2-441","metadata":false},"next_section":{"id":365712,"structure_id":52164,"section_number":"46.2-443","catch_line":"Chapter not applicable to certain policies of insurance","url":"\/46.2-443\/","token":"46.2\/II\/3\/15\/46.2-443","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/46.2-442\/","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 1958, chapter 541; in 1989, chapter 727.<\/p>","references":false,"refers_to":false,"permalink":{"id":1453035,"object_type":"law","relational_id":365711,"identifier":"46.2-442","token":"46.2\/II\/3\/15\/46.2-442","url":"\/46.2-442\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/46.2-442\/","token":"46.2\/II\/3\/15\/46.2-442","dublin_core":{"Title":"Default of foreign insurance carrier","Type":"Text","Format":"text\/html","Identifier":"\u00a7 46.2-442","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>If any insurance carrier not authorized to do business in the Commonwealth which is qualified to furnish proof of <span class=\"dictionary\">financial responsibility<\/span> <span class=\"dictionary\">defaults<\/span> in any of its undertakings or agreements, the <span class=\"dictionary\">Commissioner<\/span> shall not thereafter accept any certificate of that carrier so long as the <span class=\"dictionary\">default<\/span> continues and shall <span class=\"dictionary\">revoke<\/span> licenses previously granted on the basis of its policies unless the <span class=\"dictionary\">default<\/span> is immediately repaired.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nDEFAULT OF FOREIGN INSURANCE CARRIER (\u00a7 46.2-442)\n\nIf any insurance carrier not authorized to do business in the Commonwealth which\nis qualified to furnish proof of financial responsibility defaults in any of its\nundertakings or agreements, the Commissioner shall not thereafter accept any\ncertificate of that carrier so long as the default continues and shall revoke\nlicenses previously granted on the basis of its policies unless the default is\nimmediately repaired.\n\nHISTORY: Code 1950, \u00a7 46-462; 1958, c. 541, \u00a7 46.1-474; 1989, c. 727.","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"}}