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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 90. Rules Governing Advertisement of Accident and Sickness Insurance |
Section 160. Statements about an insurer
Latest version.
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An advertisement shall not contain statements which are untrue in fact, or by implication misleading, with respect to the assets, corporate structure, financial standing, age or relative position of the insurer in the insurance business. An advertisement shall not contain a recommendation by any commercial rating system unless it clearly indicates the purpose of the recommendation, the name and a description of the entity through which the rating is obtained, and the limitations of the scope and extent of the recommendation.
Historical Notes
Derived from Regulation 8, Case No. 19498, § 16, eff. June 1, 1975; amended, Volume 20, Issue 25, eff. August 4, 2004.