LIS

Virginia Law

Administrative Code

Table of Contents » Title 14. Insurance » Agency 5. State Corporation Commission, Bureau of Insurance » Chapter 80. Rules Governing Variable Life Insurance » Article I. Scope » 14VAC5-80-10. Scope.

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
Agency 5. State Corporation Commission, Bureau of Insurance
Chapter 80. Rules Governing Variable Life Insurance

12/31/2024

14VAC5-80-10. Scope.

Article I
Scope

All life insurance, as defined in § 38.2-102 of the Code of Virginia, payable in variable dollar amounts shall be subject to the provisions of this chapter. In the event of conflict between the provisions of this regulation and the provisions of any other regulation issued by the Commission, the provisions of this chapter shall be controlling as to variable life insurance.

Nothing contained in this chapter (14VAC5-80-10 et seq.), shall be construed to relieve an insurer of complying with the statutory requirements set forth in Title 38.2 of the Code of Virginia to the extent such statutory requirements may be deemed by the Commission to be applicable to variable life insurance.

Statutory Authority

§§ 12.1-13 and 38.2-3313 of the Code of Virginia.

Historical Notes

Derived from Regulation 26, Case No. INS920077, Article II, § 1, eff. June 15, 1992.

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.