On Mar. 19, VA LEG enacted a bill prohibiting the transfer of claims.
VA LEG enacted HB 1628 (SB 1154) to prohibit a fire insurance policy from assigning or transferring duties, rights, or benefits of insured arising from claim without consent.
Any contract provision entered in violation of the bill will be void and unenforceable.
Provisions codified VA INS 38.2-21-2131, fire policies assignment of claims prohibited.
Legislative History
On Jan. 20, 2025, bill was introduced in House; on Jan. 22, 2025, bill passed House.
On Jan. 23, 2025, bill was introduced in Senate; on Feb. 13, 2025, bill passed Senate.
On Mar. 19, 2025, bill was signed into law by governor, assigned Ch. 120 (Ch. 134).
Effectiveness
Provisions become effective Jul. 1, 2025.
Regulators
VA LEG
Entity Types
Ins
Reference
Ch. 120, 134, Bill HB1628, 3/19/2025; Citation: VA INS 38.2-21;
