Code of Virginia (Last Updated:July 28, 2020) |
TITLE 38.2. Insurance |
CHAPTER 26. Home Protection Companies |
ARTICLE 1. Home Protection Companies |
SECTION 38.2-2612. Unfair trade practices |
In addition to the provisions of Chapter 5 (§ 38.2-500 ) of this title, the Commission may order any home protection company or its representatives to cease and desist from engaging in the following unfair trade practices: 1. The making of any false or misleading statements, either oral or written, in connection with the sale, offer to sell, or advertisement of a home protection contract; 2. The omission of any material statement in connection with the sale, offer to sell, or advertisement of a contract that under the circumstances should have been made in order to make the statements that were made not misleading; 3. The making of any statement that the purchase of a home protection contract is mandatory; 4. The making of any false or misleading statements, either oral or written, about the benefits or services available under the contract; 5. The failure to perform the services promised under the contract in a timely, competent, or workmanlike manner; or 6. Any statement or practice which has the effect of creating or maintaining a fraud. 1981, c. 530, § 38.1-942; 1986, c. 562. |