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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 120. Rules Governing the Implementation of the Individual Accident and Sicknessinsurance Minimum Standards Act with Respect to Specified Disease Policies |
Section 30. Scope
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This chapter (14VAC5-120-10 et seq.) shall apply to all individual specified disease policies delivered or issued for delivery in this Commonwealth.
For purposes of this chapter, a "specified disease policy" is an individual policy that pays benefits for the diagnosis and treatment of a specifically named disease or of specifically named diseases. For purposes of this chapter, a specified disease policy shall also include a rider or endorsement added to any individual accident and sickness insurance policy. It shall not include riders or endorsements added to hospital confinement indemnity policies which provide additional per diem indemnity benefits in the event of hospital confinement for a specified disease.
Except as otherwise provided, nothing contained in this chapter shall be construed to relieve an insurer of complying with the statutory requirements set forth in Title 38.2 of the Code of Virginia.
Historical Notes
Derived from Regulation 21, INS810010, § 4, eff. June 1, 1981.