 |
Virginia Administrative Code (Last Updated: January 10, 2017) |
 |
Title 14. Insurance |
|
Agency 5. State Corporation Commission, Bureau of Insurance |
|
Chapter 170. Rules Governing Minimum Standards for Medicare Supplement Policies |
Section 190. Appropriateness of recommended purchase and excessive insurance
-
A. In recommending the purchase or replacement of any Medicare supplement policy or certificate an agent shall make reasonable efforts to determine the appropriateness of a recommended purchase or replacement.
B. Any sale of a Medicare supplement policy or certificate that will provide an individual more than one Medicare supplement policy or certificate is prohibited.
C. An issuer shall not issue a Medicare supplement policy or certificate to an individual enrolled in Medicare Part C unless the effective date of the coverage is after the termination date of the individual's Part C coverage.
Historical Notes
Derived from Regulation 35, Case No. INS920112, § 20, eff. July 30, 1992; amended, Volume 21, Issue 25, eff. August 15, 2005.