Section 10. Purpose

The purpose of this chapter (14VAC5-170-10 et seq.) is to provide for the reasonable standardization of coverage and simplification of terms and benefits of Medicare supplement policies; to facilitate public understanding and comparison of such policies; to eliminate provisions contained in such policies which may be misleading or confusing in connection with the purchase of such policies or with the settlement of claims; and to provide for full disclosures in the sale of accident and sickness insurance coverages to persons eligible for Medicare.

Historical Notes

Derived from Regulation 35, Case No. INS920112, § 1, eff. July 30, 1992.

Statutory Authority

§§ 38.2-223, 38.2-514, 38.2-3516 through 38.2-3520, 38.2-3600 through 38.2-3609, 38.2-4214, and 38.2-4215 of the Code of Virginia.