Virginia § 38.2-2420 - Bonds executed under power of attorney binding on insurer
Full text of Virginia Code of Virginia § 38.2-2420 — Bonds executed under power of attorney binding on insurer, with citation guidance and answers to common questions.
§ 38.2-2420. Bonds executed under power of attorney binding on insurer
Any bond or obligation executed in the name and on behalf of the insurer as surety under the authority of the power of attorney shall have the same force, effect and validity, and shall be as binding upon the insurer in the name and on behalf of which it is executed as if it were properly executed by the insurer itself through its officers under its common seal. For the purpose of this section, the seal of the insurer or the seal of the attorney-in-fact shall not be required to be affixed to the bond or obligation.
Code 1950, § 38-338; 1952, c. 317, § 38.1-657; 1986, c. 562.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 38.2-2420
What does Code of Virginia § 38.2-2420 cover?
Section 38.2-2420 ("Bonds executed under power of attorney binding on insurer") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 38.2-2420?
A common citation format is "Code of Virginia § 38.2-2420" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 38.2-2420 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.