 |
Virginia Administrative Code (Last Updated: January 10, 2017) |
 |
Title 14. Insurance |
|
Agency 5. State Corporation Commission, Bureau of Insurance |
|
Chapter 90. Rules Governing Advertisement of Accident and Sickness Insurance |
Section 70. Necessity for disclosing policy provisions relating to renewability, cancellability, and termination
Latest version.
-
When an invitation to contract refers to a dollar amount, a period of time for which any benefit is payable, the cost of the policy, a specific policy benefit, or the loss for which a benefit is payable, it shall disclose the provisions relating to renewability, cancellability and termination, and any modification of benefits, losses covered or premiums because of age or for other reasons, in a manner which shall not minimize or render obscure the qualifying conditions.
Historical Notes
Derived from Regulation 8, Case No. 19498, § 7, eff. June 1, 1975; amended, Volume 20, Issue 25, eff. August 4, 2004.