Administrative Code

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Virginia Administrative Code
Title 14. Insurance
Agency 5. State Corporation Commission, Bureau of Insurance
Chapter 90. Rules Governing Advertisement of Accident and Sickness Insurance
7/12/2020

14VAC5-90-70. Necessity for Disclosing Policy Provisions Relating to Renewability, Cancellability, and Termination.

When an invitation to contract refers to a dollar amount, a period of time for which any benefit is payable, the cost of the policy, a specific policy benefit, or the loss for which a benefit is payable, it shall disclose the provisions relating to renewability, cancellability and termination, and any modification of benefits, losses covered or premiums because of age or for other reasons, in a manner which shall not minimize or render obscure the qualifying conditions.

Statutory Authority

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

Historical Notes

Derived from Regulation 8, Case No. 19498, § 7, eff. June 1, 1975; amended, Volume 20, Issue 25, eff. August 4, 2004.

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