Additional Legislative Changes

Nicholas J. Lawrence, Esquire
April 15th, 2011
By: Nicholas J. Lawrence, Esquire

Effective July 1, 2011, the general assembly has amended Va. Code Section 16.1-107 to eliminate the requirement for an appeal bond when the defendant has liability insurance coverage available to pay the judgment at issue. The insurer must provide a written irrevocable confirmation of coverage in the amount of the judgment in order to eliminate the requirement for a bond. The changes to the statute also clarify that the amount of the bond must be sufficient to guarantee payment of the general district court’s judgment. Under the current statute the bond is to be sufficient to satisfy any judgment that might be rendered by the circuit court on appeal.

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This blog and the information provided has been prepared by Bancroft, McGavin, Horvath & Judkins, P.C. (“BMHJ”) for information purposes only and is not intended nor to be construed as legal advice. This blog may contain the opinions of the members and associates of this firm on various legal issues and is not legal advice. Read More