Virginia Administrative Code (Last Updated: January 10, 2017) |
Title 14. Insurance |
Agency 5. State Corporation Commission, Bureau of Insurance |
Chapter 150. Rules to Implement Transitional Requirements for the Conversion of Medicaresupplement Insurance Benefits and Premiums to Conform to Medicare Programrevisions |
Section 30. Applicability and scope
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This chapter (14VAC5-150-10 et seq.) shall take precedence over other rules and requirements relating to medicare supplement policies or contracts only to the extent necessary to assure that benefits are not duplicated, that applicants receive adequate notice and disclosure of changes in medicare supplement policies and contracts, that appropriate premium adjustments are made in a timely manner, and that premiums are reasonable in relation to benefits.
This chapter shall apply to:
1. All Medicare supplement policies and contracts delivered, or issued for delivery within this Commonwealth, or which are otherwise subject to the jurisdiction of this Commonwealth, and
2. All certificates issued under group medicare supplement policies as provided in 1 above.
This chapter applies to all Medicare supplement policies, contracts, and certificates as described in 1 and 2, above, delivered, or issued for delivery on or after the effective date hereof. In addition, 14VAC5-150-50 applies to all medicare supplement policies, contracts and certificates as described in 1 and 2, above, in effect on August 31, 1988.
Historical Notes
Derived from Regulation 32, Case No. INS870293, § 4, eff. August 31, 1988.