HB606: Fire insurance; appraisers and umpires, citizenship requirements.


VIRGINIA ACTS OF ASSEMBLY -- CHAPTER
An Act to amend and reenact § 38.2-2122 of the Code of Virginia, relating to fire insurance; appraisers and umpires; citizenship requirements.
[H 606]
Approved

 

Be it enacted by the General Assembly of Virginia:

1. That § 38.2-2122 of the Code of Virginia is amended and reenacted as follows:

§ 38.2-2122. Appraisers and umpires; oath to be taken.

Whenever any appraisal is to be made under the standard provisions of a policy for loss or damage to property, the appraisers and the umpire shall be citizens and actual residents of this Commonwealth unless otherwise agreed to in writing by the insured and the insurer. Each each appraiser and umpire shall, before acting as such, take an oath that he is not directly or indirectly in the employment of the insured, the insurer, or any other insurer, that he is not related to the insured or any officer of the insurer, and that he will faithfully discharge the duties imposed upon him.

HOUSE BILL NO. 606

Offered January 12, 2022
Prefiled January 11, 2022
A BILL to amend and reenact § 38.2-2122 of the Code of Virginia, relating to fire insurance; appraisers and umpires; citizenship requirements.
Patron-- Bourne

Committee Referral Pending

Be it enacted by the General Assembly of Virginia:

1. That § 38.2-2122 of the Code of Virginia is amended and reenacted as follows:

§ 38.2-2122. Appraisers and umpires; oath to be taken.

Whenever any appraisal is to be made under the standard provisions of a policy for loss or damage to property, the appraisers and the umpire shall be citizens and actual residents of this Commonwealth unless otherwise agreed to in writing by the insured and the insurer. Each each appraiser and umpire shall, before acting as such, take an oath that he is not directly or indirectly in the employment of the insured, the insurer, or any other insurer, that he is not related to the insured or any officer of the insurer, and that he will faithfully discharge the duties imposed upon him.