Administrative Code

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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

14VAC5-70-30. Applicability and scope.

Except as otherwise specifically provided, this chapter shall apply to accelerated benefit provisions in individual and group life insurance policies or riders to such policies delivered or issued for delivery in this Commonwealth, on or after July 1, 2002, by insurers, fraternal benefit societies, cooperative nonprofit life benefit companies or mutual assessment life, accident and sickness insurers, and to renewals or reissues of group life insurance policies or riders occurring on or after July 1, 2002.

Statutory Authority

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

Historical Notes

Derived from Regulation 44, Case No. INS920076, § 4, eff. June 1, 1992; amended, Volume 18, Issue 22, eff. July 1, 2002.

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