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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 70. Rules Governing Accelerated Benefits Provisions |
Section 30. Applicability and scope
Latest version.
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Except as otherwise specifically provided, this chapter shall apply to accelerated benefit provisions in individual and group life insurance policies or riders to such policies delivered or issued for delivery in this Commonwealth, on or after July 1, 2002, by insurers, fraternal benefit societies, cooperative nonprofit life benefit companies or mutual assessment life, accident and sickness insurers, and to renewals or reissues of group life insurance policies or riders occurring on or after July 1, 2002.
Historical Notes
Derived from Regulation 44, Case No. INS920076, § 4, eff. June 1, 1992; amended, Volume 18, Issue 22, eff. July 1, 2002.