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Virginia Administrative Code
Title 14. Insurance
Agency 5. State Corporation Commission, Bureau of Insurance
Chapter 70. Rules Governing Accelerated Benefits Provisions
11/21/2024

14VAC5-70-20. Compliance with the chapter.

A. Any policy or rider complying with this chapter and other regulatory requirements may be sold, solicited or negotiated in this Commonwealth, or in the case of group life insurance policies or riders, re-issued or renewed in this Commonwealth with accelerated benefit provisions as set forth in this chapter.

B. No policy or rider shall be delivered or issued for delivery in this Commonwealth on or after July 1, 2002, unless it complies with this chapter.

Statutory Authority

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

Historical Notes

Derived from Regulation 44, Case No. INS920076, § 3, eff. June 1, 1992; amended, Virginia Register Volume 18, Issue 22, eff. July 1, 2002.

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