Virginia Administrative Code (Last Updated: January 10, 2017) |
Title 14. Insurance |
Agency 5. State Corporation Commission, Bureau of Insurance |
Chapter 70. Rules Governing Accelerated Benefits Provisions |
Section 10. Purpose |
Section 20. Compliance with the chapter |
Section 30. Applicability and scope |
Section 40. Definitions |
Section 50. Type of product |
Section 60. Assignee/beneficiary |
Section 70. Criteria for payment; lump sum settlement option; restrictions on use of proceeds; accidental death benefit provision |
Section 80. Required disclosure provision; descriptive title; tax consequences; solicitations and disclosures; effect of benefit payment |
Section 90. Effective date of the accelerated benefits |
Section 100. Waiver of premiums |
Section 110. Discrimination |
Section 120. Actuarial standards; financing options; effect on cash value; effect of outstanding policy loans |
Section 130. Actuarial disclosure and reserves |
Section 140. Filing requirement |
Section 150. Severability |