LIS

Virginia Law

Administrative Code

Creating a Report: Check the sections you'd like to appear in the report, then use the "Create Report" button at the bottom of the page to generate your report. Once the report is generated you'll then have the option to download it as a pdf, print or email the report.

Virginia Administrative Code
Title 14. Insurance
Title 14. Insurance
Agency 5. State Corporation Commission, Bureau of Insurance
12/22/2024

Chapter 70.
Rules Governing Accelerated Benefits Provisions
Read Chapter

Section 10
Purpose
Section 20
Compliance with the chapter
Section 30
Applicability and scope
Section 40
Definitions
Section 50
Type of product
Section 60
Assignee/beneficiary
Section 70
Criteria for payment; lump sum settlement option; restrictions on use of proceeds; accidental death benefit provision
Section 80
Required disclosure provision; descriptive title; tax consequences; solicitations and disclosures; effect of benefit payment
Section 90
Effective date of the accelerated benefits
Section 100
Waiver of premiums
Section 110
Discrimination
Section 120
Actuarial standards; financing options; effect on cash value; effect of outstanding policy loans
Section 130
Actuarial disclosure and reserves
Section 140
Filing requirement
Section 150
Severability

Website addresses provided in the Virginia Administrative Code to documents incorporated by reference are for the reader's convenience only, may not necessarily be active or current, and should not be relied upon. To ensure the information incorporated by reference is accurate, the reader is encouraged to use the source document described in the regulation.

As a service to the public, the Virginia Administrative Code is provided online by the Virginia General Assembly. We are unable to answer legal questions or respond to requests for legal advice, including application of law to specific fact. To understand and protect your legal rights, you should consult an attorney.