Administrative Code

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Virginia Administrative Code
Title 14. Insurance
Agency 5. State Corporation Commission, Bureau of Insurance
Chapter 400. Rules Governing Unfair Claim Settlement Practices
8/6/2020

14VAC5-400-10. Purpose and Scope.

The purpose of this chapter is to set forth minimum standards for the acknowledgment, investigation, and disposition of claims arising under insurance policies issued pursuant to the laws of the Commonwealth of Virginia. This chapter applies to all persons defined in 14VAC5-400-20 and to all insurance policies except policies of workers' compensation insurance, title insurance, and fidelity and surety insurance.

Statutory Authority

§§ 12.1-13, 38.2-223, and 38.2-510 of the Code of Virginia.

Historical Notes

Derived from Regulation 12, Case No. 19961, § 2, eff. September 15, 1978; amended, Volume 33, Issue 22, eff. January 1, 2018.

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