CHAPTER 115

An Act to amend and reenact § $8.1-291 of the Code of Virginia, relating
to exemptions from countersignature requirement as to certain in-
surance policies.

[H 207]

Approved February 29, 1960

Be it enacted by the General Assembly of Virginia:

1. That § 38.1-291 of the Code of Virginia be amended and reenacted as
follows:

§ 88.1-291. The provisions of §§ 38.1-282 to 38.1-289 of this article,
with respect to insurance companies and their agents, representatives and
employees, do not apply to:

Reinsurance contracts between insurance companies ;

(2) Life insurance, annuities, accident and sickness insurance other
than group accident and sickness insurance, title insurance, and ocean
marine insurance;

(3) Insurance of subjects located, resident, or to be performed wholly
outside of this State, including insurance of vehicles or aircraft principally
garaged outside of this State;

(4) Insurance of the rolling stock and operating properties of rail-
roads or of any liability or other risks incidental to the ownership, mainte-
nance or operation thereof, but not exempting | office buildings and ware-
houses which are rated and insured specifically ; *

(5) Mutual assessment fire insurance companies operating under the
provisions of Chapter 15 of this title; ov

(6) Bid bonds issued by surety companies in connection with any
public or private contract.