Virginia § 58.1-2501.1 - Premium tax; travel insurance
Full text of Virginia Code of Virginia § 58.1-2501.1 — Premium tax; travel insurance, with citation guidance and answers to common questions.
§ 58.1-2501.1. Premium tax; travel insurance
A. As used in this section:
"Blanket travel insurance" has the same meaning ascribed thereto in § 38.2-1887.
"Primary certificate holder" has the same meaning ascribed thereto in § 38.2-1887.
"Primary policyholder" has the same meaning ascribed thereto in § 38.2-1887.
"Travel assistance services" has the same meaning ascribed thereto in § 38.2-1887.
"Travel insurance" has the same meaning ascribed thereto in § 38.2-1887.
B. A travel insurer shall pay premium tax as provided in § 58.1-2501 on travel insurance premiums paid by any of the following:
1. A primary policyholder who is a resident of the Commonwealth;
2. A primary certificate holder that is a resident of the Commonwealth; or
3. A blanket travel insurance policyholder that is a resident of the Commonwealth or that has its principal place of business or the principal place of business of an affiliate or subsidiary that has purchased blanket travel insurance in the Commonwealth for eligible blanket group members, subject to apportionment rules that apply to the insurer across multiple taxing jurisdictions or that permits the insurer to allocate premiums on an apportioned basis in a reasonable and equitable manner in those jurisdictions.
C. A travel insurer shall (i) document the state of residence or principal place of business of the primary policyholder or primary certificate holder and (ii) report as premium only the amount allocable to travel insurance and not any amounts received for travel assistance services or cancellation fee waivers.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 58.1-2501.1
What does Code of Virginia § 58.1-2501.1 cover?
Section 58.1-2501.1 ("Premium tax; travel insurance") 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 § 58.1-2501.1?
A common citation format is "Code of Virginia § 58.1-2501.1" (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 § 58.1-2501.1 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.