14 Va. Admin. Code § 5-70-10

Current through Register Vol. 41, No. 9, December 16, 2024

Section 14VAC5-70-10 - Purpose

The purpose of this chapter (14VAC5-70) is to regulate accelerated benefit provisions of individual and group life insurance policies and riders to such policies and to provide required standards of disclosure. This chapter shall apply to all accelerated benefits provisions of individual and group life insurance policies and riders to such policies, except those subject to Rules Governing Long-Term Care Insurance (14VAC5-200), issued or delivered in this Commonwealth, on or after July 1, 2002.

14 Va. Admin. Code § 5-70-10

Derived from Regulation 44, Case No. INS920076, § 2, eff. June 1, 1992; amended, Virginia Register Volume 18, Issue 22, eff. July 1, 2002.

Statutory Authority

§§ 12.1-13 and 38.2-223 of the Code of Virginia.