Statutes, codes, and regulations
Virginia Administrative Code
Title 14 - INSURANCEAgency 5 - STATE CORPORATION COMMISSION, BUREAU OF INSURANCE
Chapter 30 - RULES GOVERNING LIFE INSURANCE AND ANNUITY REPLACEMENTS
Section 14VAC5-30-10 - Purpose

14 Va. Admin. Code § 5-30-10

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Current through Register Vol. 40, No. 22, June 17, 2024
Section 14VAC5-30-10 - Purpose

The purpose of this chapter is to regulate the activities of insurers and agents with respect to the replacement of existing life insurance and annuities and to protect the interests of life insurance and annuity purchasers by establishing minimum standards of conduct to be observed in replacement or financed purchase transactions.

14 Va. Admin. Code § 5-30-10

Derived from Regulation No. 7, Case No. INS810114, Section II, eff. March 1, 1982; amended, Virginia Register Volume 23, Issue 9, eff. April 1, 2007.

Statutory Authority

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