Administrative Code

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Virginia Administrative Code
Title 14. Insurance
Agency 5. State Corporation Commission, Bureau of Insurance
1/19/2020

Chapter 70. Rules Governing Accelerated Benefits ProvisionsRead 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

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