Statutes, codes, and regulations
Virginia Administrative Code
Title 14 - INSURANCEAgency 5 - STATE CORPORATION COMMISSION, BUREAU OF INSURANCE
Chapter 130 - RULES GOVERNING THE FILING OF RATES FOR INDIVIDUAL AND CERTAIN GROUP ACCIDENT AND SICKNESS INSURANCE POLICY FORMS
Section 14VAC5-130-10 - Purpose

14 Va. Admin. Code § 5-130-10

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Current through Register Vol. 41, No. 10, December 30, 2024
Section 14VAC5-130-10 - Purpose

The purposes of this chapter are to (i) implement procedures for the filing or filing and approval of rates for individual and group accident and sickness insurance policy forms and (ii) establish minimum loss ratios to assure that the benefits provided by such policy forms are or are anticipated to be reasonable in relation to the premiums charged.

14 Va. Admin. Code § 5-130-10

Derived from Regulation 22, Case No. INS810039, §2, eff. October 1, 1981; amended, Virginia Register Volume 29, Issue 20, eff. July 1, 2013; Amended, Virginia Register Volume 36, Issue 05, eff. 1/1/2020.

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