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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 14. Insurance |
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Agency 5. State Corporation Commission, Bureau of Insurance |
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Chapter 70. Rules Governing Accelerated Benefits Provisions |
Section 10. Purpose
Latest version.
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The purpose of this chapter (14VAC5-70) is to regulate accelerated benefit provisions of individual and group life insurance policies and riders to such policies and to provide required standards of disclosure. This chapter shall apply to all accelerated benefits provisions of individual and group life insurance policies and riders to such policies, except those subject to Rules Governing Long-Term Care Insurance (14VAC5-200), issued or delivered in this Commonwealth, on or after July 1, 2002.
Historical Notes
Derived from Regulation 44, Case No. INS920076, § 2, eff. June 1, 1992; amended, Volume 18, Issue 22, eff. July 1, 2002.