14 Va. Admin. Code § 5-90-70

Current through Register Vol. 40, No. 22, June 17, 2024

Section 14VAC5-90-70 - Necessity for disclosing policy provisions relating to renewability, cancellability, and termination

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.

14 Va. Admin. Code § 5-90-70

Derived from Regulation 8, Case No. 19498, § 7, eff. June 1, 1975; amended, Virginia Register Volume 20, Issue 25, eff. August 4, 2004.

Statutory Authority

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