{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/46.2-481.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/46.2-481.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/46.2-481.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/46.2-481.html"}],"law_id":365750,"edition_id":2,"section_id":365750,"structure_id":52166,"section_number":"46.2-481","catch_line":"Binder or endorsement in lieu of policy","history":"Code 1950, \u00a7 46-500; 1958, c. 541, \u00a7 46.1-513; 1989, c. 727.","full_text":"Insurance carriers authorized to issue policies as provided in this chapter may, pending the issuance of the policy, execute an agreement to be known as a binder, which shall not be valid beyond sixty days from the date it becomes effective, or may, in lieu of a policy, issue an endorsement to an existing policy, each of which shall be construed to provide indemnity or protection in like manner and to the same extent as a formal policy. The provisions of this chapter apply to these binders and endorsements.\n\n","order_by":null,"text":{"0":{"id":1362671,"text":"Insurance carriers authorized to issue policies as provided in this chapter may, pending the issuance of the policy, execute an agreement to be known as a binder, which shall not be valid beyond sixty days from the date it becomes effective, or may, in lieu of a policy, issue an endorsement to an existing policy, each of which shall be construed to provide indemnity or protection in like manner and to the same extent as a formal policy. The provisions of this chapter apply to these binders and endorsements.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":52166,"edition_id":2,"name":"Motor Vehicle Liability Insurance Policies","identifier":"17","label":"article","depth":4,"order_by":16,"parent_id":52148,"metadata":{"child_laws":11,"child_structures":0},"date_created":"2026-08-02 02:54:42","date_modified":"2026-08-02 12:34:05","permalink":{"id":1453157,"object_type":"structure","relational_id":52166,"identifier":"17","token":"46.2\/II\/3\/17","url":"\/46.2\/II\/3\/17\/","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":365741,"structure_id":52166,"section_number":"46.2-472","catch_line":"Coverage of owner's policy","url":"\/46.2-472\/","token":"46.2\/II\/3\/17\/46.2-472","metadata":false},{"id":365742,"structure_id":52166,"section_number":"46.2-473","catch_line":"Coverage of driver's policy","url":"\/46.2-473\/","token":"46.2\/II\/3\/17\/46.2-473","metadata":false},{"id":365743,"structure_id":52166,"section_number":"46.2-474","catch_line":"Policy must contain certain agreement; additional coverage","url":"\/46.2-474\/","token":"46.2\/II\/3\/17\/46.2-474","metadata":false},{"id":365744,"structure_id":52166,"section_number":"46.2-475","catch_line":"Policy must comply with law","url":"\/46.2-475\/","token":"46.2\/II\/3\/17\/46.2-475","metadata":false},{"id":365745,"structure_id":52166,"section_number":"46.2-476","catch_line":"Liability covered by workers' compensation law","url":"\/46.2-476\/","token":"46.2\/II\/3\/17\/46.2-476","metadata":false},{"id":365746,"structure_id":52166,"section_number":"46.2-477","catch_line":"When chapter applicable to policy","url":"\/46.2-477\/","token":"46.2\/II\/3\/17\/46.2-477","metadata":false},{"id":365747,"structure_id":52166,"section_number":"46.2-478","catch_line":"Several policies together meeting requirements of chapter","url":"\/46.2-478\/","token":"46.2\/II\/3\/17\/46.2-478","metadata":false},{"id":365748,"structure_id":52166,"section_number":"46.2-479","catch_line":"Provisions to which every policy shall be subject but need not contain","url":"\/46.2-479\/","token":"46.2\/II\/3\/17\/46.2-479","metadata":false},{"id":365749,"structure_id":52166,"section_number":"46.2-480","catch_line":"Reimbursement of carrier and proration of insurance","url":"\/46.2-480\/","token":"46.2\/II\/3\/17\/46.2-480","metadata":false},{"id":365750,"structure_id":52166,"section_number":"46.2-481","catch_line":"Binder or endorsement in lieu of policy","url":"\/46.2-481\/","token":"46.2\/II\/3\/17\/46.2-481","metadata":false},{"id":365751,"structure_id":52166,"section_number":"46.2-482","catch_line":"Notification of cancellation or termination of certified policy","url":"\/46.2-482\/","token":"46.2\/II\/3\/17\/46.2-482","metadata":false}],"previous_section":{"id":365749,"structure_id":52166,"section_number":"46.2-480","catch_line":"Reimbursement of carrier and proration of insurance","url":"\/46.2-480\/","token":"46.2\/II\/3\/17\/46.2-480","metadata":false},"next_section":{"id":365751,"structure_id":52166,"section_number":"46.2-482","catch_line":"Notification of cancellation or termination of certified policy","url":"\/46.2-482\/","token":"46.2\/II\/3\/17\/46.2-482","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/46.2-481\/","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":1453195,"object_type":"law","relational_id":365750,"identifier":"46.2-481","token":"46.2\/II\/3\/17\/46.2-481","url":"\/46.2-481\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/46.2-481\/","token":"46.2\/II\/3\/17\/46.2-481","dublin_core":{"Title":"Binder or endorsement in lieu of policy","Type":"Text","Format":"text\/html","Identifier":"\u00a7 46.2-481","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Insurance carriers authorized to <span class=\"dictionary\">issue<\/span> policies as provided in this chapter may, pending the issuance of the policy, execute an agreement to be known as a binder, which shall not be valid beyond sixty days from the date it becomes effective, or may, in lieu of a policy, <span class=\"dictionary\">issue<\/span> an endorsement to an existing policy, each of which shall be construed to provide indemnity or protection in like manner and to the same extent as a formal policy. The provisions of this chapter apply to these binders and endorsements.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nBINDER OR ENDORSEMENT IN LIEU OF POLICY (\u00a7 46.2-481)\n\nInsurance carriers authorized to issue policies as provided in this chapter may,\npending the issuance of the policy, execute an agreement to be known as a\nbinder, which shall not be valid beyond sixty days from the date it becomes\neffective, or may, in lieu of a policy, issue an endorsement to an existing\npolicy, each of which shall be construed to provide indemnity or protection in\nlike manner and to the same extent as a formal policy. The provisions of this\nchapter apply to these binders and endorsements.\n\nHISTORY: Code 1950, \u00a7 46-500; 1958, c. 541, \u00a7 46.1-513; 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"}}