{"law_id":"779529","section_number":"38.2-1378","catch_line":"Minimum standard for accident and health insurance contracts","history":"2014, c. 571.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/38.2-1378\/","refers_to":[{"id":"790204","section_number":"38.2-1366","catch_line":"Reserve valuation","url":"\/38.2-1366\/"}],"url":"\/38.2-1378\/","token":"38.2\/13\/10\/38.2-1378","structure":{"1":{"id":"1560","name":"Standard Valuation.","identifier":"10","label":"article","url":"\/38.2\/13\/10\/"},"2":{"id":"1229","name":"Reports, Reserves And Examinations, Insurance Holding Companies, Reinsurance Intermediaries, And Managing General Agents","identifier":"13","label":"chapter","url":"\/38.2\/13\/"},"3":{"id":"7","name":"Insurance","identifier":"38.2","label":"title","url":"\/38.2\/"}},"referred_to_by":[{"id":"772642","section_number":"38.2-1374","catch_line":"Minimum reserves","url":"\/38.2-1374\/"}],"edition_id":"11","section_id":"779529","structure_id":"1560","full_text":"For accident and health insurance contracts issued on or after the operative date of the valuation manual, the standard prescribed in the valuation manual is the minimum standard of valuation required under subsection B of \u00a7 38.2-1366. For disability and accident and sickness insurance contracts issued on or after January 1, 1937, and prior to the operative date of the valuation manual, the minimum standard of valuation is the standard adopted by the Commission by regulation.","text":{"0":{"id":"2514219","text":"For accident and health insurance contracts issued on or after the operative date of the valuation manual, the standard prescribed in the valuation manual is the minimum standard of valuation required under subsection B of \u00a7 38.2-1366. For disability and accident and sickness insurance contracts issued on or after January 1, 1937, and prior to the operative date of the valuation manual, the minimum standard of valuation is the standard adopted by the Commission by regulation.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":{"1":{"id":"1560","name":"Standard Valuation.","identifier":"10","label":"article","url":"\/38.2\/13\/10\/"},"2":{"id":"1229","name":"Reports, Reserves And Examinations, Insurance Holding Companies, Reinsurance Intermediaries, And Managing General Agents","identifier":"13","label":"chapter","url":"\/38.2\/13\/"},"3":{"id":"7","name":"Insurance","identifier":"38.2","label":"title","url":"\/38.2\/"}},"structure_contents":{"0":{"id":"783870","structure_id":"1560","section_number":"38.2-1365","catch_line":"Definitions","url":"\/38.2-1365\/","token":"38.2\/13\/10\/38.2-1365"},"1":{"id":"790204","structure_id":"1560","section_number":"38.2-1366","catch_line":"Reserve valuation","url":"\/38.2-1366\/","token":"38.2\/13\/10\/38.2-1366"},"2":{"id":"793100","structure_id":"1560","section_number":"38.2-1367","catch_line":"Actuarial opinion of reserves","url":"\/38.2-1367\/","token":"38.2\/13\/10\/38.2-1367"},"3":{"id":"781893","structure_id":"1560","section_number":"38.2-1368","catch_line":"Minimum valuation standard for policies issued prior to certain dates","url":"\/38.2-1368\/","token":"38.2\/13\/10\/38.2-1368"},"4":{"id":"782514","structure_id":"1560","section_number":"38.2-1369","catch_line":"Computation of minimum standard","url":"\/38.2-1369\/","token":"38.2\/13\/10\/38.2-1369"},"5":{"id":"794876","structure_id":"1560","section_number":"38.2-1370","catch_line":"Computation of minimum standard for annuities","url":"\/38.2-1370\/","token":"38.2\/13\/10\/38.2-1370"},"6":{"id":"772626","structure_id":"1560","section_number":"38.2-1372","catch_line":"Reserve valuation method; life insurance and endowment benefits","url":"\/38.2-1372\/","token":"38.2\/13\/10\/38.2-1372"},"7":{"id":"794350","structure_id":"1560","section_number":"38.2-1373","catch_line":"Reserve valuation method; annuity and pure endowment benefits","url":"\/38.2-1373\/","token":"38.2\/13\/10\/38.2-1373"},"8":{"id":"772642","structure_id":"1560","section_number":"38.2-1374","catch_line":"Minimum reserves","url":"\/38.2-1374\/","token":"38.2\/13\/10\/38.2-1374"},"9":{"id":"766580","structure_id":"1560","section_number":"38.2-1375","catch_line":"Optional reserve calculation","url":"\/38.2-1375\/","token":"38.2\/13\/10\/38.2-1375"},"10":{"id":"791146","structure_id":"1560","section_number":"38.2-1376","catch_line":"Reserve calculation; valuation net premium exceeding the gross premium charged","url":"\/38.2-1376\/","token":"38.2\/13\/10\/38.2-1376"},"11":{"id":"792191","structure_id":"1560","section_number":"38.2-1377","catch_line":"Reserve calculation; indeterminate premium plans","url":"\/38.2-1377\/","token":"38.2\/13\/10\/38.2-1377"},"12":{"id":"779529","structure_id":"1560","section_number":"38.2-1378","catch_line":"Minimum standard for accident and health insurance contracts","url":"\/38.2-1378\/","token":"38.2\/13\/10\/38.2-1378"},"13":{"id":"791896","structure_id":"1560","section_number":"38.2-1379","catch_line":"Valuation manual for policies issued on or after the operative date of the valuation manual","url":"\/38.2-1379\/","token":"38.2\/13\/10\/38.2-1379"},"14":{"id":"778482","structure_id":"1560","section_number":"38.2-1380","catch_line":"Requirements of a principle-based valuation","url":"\/38.2-1380\/","token":"38.2\/13\/10\/38.2-1380"},"15":{"id":"776295","structure_id":"1560","section_number":"38.2-1381","catch_line":"Experience reporting for policies in force on or after the operative date of the valuation manual","url":"\/38.2-1381\/","token":"38.2\/13\/10\/38.2-1381"},"16":{"id":"775585","structure_id":"1560","section_number":"38.2-1382","catch_line":"Confidentiality","url":"\/38.2-1382\/","token":"38.2\/13\/10\/38.2-1382"},"17":{"id":"786745","structure_id":"1560","section_number":"38.2-1383","catch_line":"Single state exemption","url":"\/38.2-1383\/","token":"38.2\/13\/10\/38.2-1383"},"18":{"id":"774695","structure_id":"1560","section_number":"38.2-1384","catch_line":"Assessment against insurers whose policies are valued","url":"\/38.2-1384\/","token":"38.2\/13\/10\/38.2-1384"},"19":{"id":"796480","structure_id":"1560","section_number":"38.2-1385","catch_line":"Article not applicable in certain cases","url":"\/38.2-1385\/","token":"38.2\/13\/10\/38.2-1385"}},"previous_section":{"id":"792191","structure_id":"1560","section_number":"38.2-1377","catch_line":"Reserve calculation; indeterminate premium plans","url":"\/38.2-1377\/","token":"38.2\/13\/10\/38.2-1377"},"next_section":{"id":"791896","structure_id":"1560","section_number":"38.2-1379","catch_line":"Valuation manual for policies issued on or after the operative date of the valuation manual","url":"\/38.2-1379\/","token":"38.2\/13\/10\/38.2-1379"},"references":[{"id":"782514","section_number":"38.2-1369","catch_line":"Computation of minimum standard","url":"\/38.2-1369\/"},{"id":"772626","section_number":"38.2-1372","catch_line":"Reserve valuation method; life insurance and endowment benefits","url":"\/38.2-1372\/"},{"id":"786745","section_number":"38.2-1383","catch_line":"Single state exemption","url":"\/38.2-1383\/"}],"formats":{"txt":"\/38.2-1378.txt","json":"\/38.2-1378.json","xml":"\/38.2-1378.xml"},"dublin_core":{"Title":"Minimum standard for accident and health insurance contracts","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1378","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nMINIMUM STANDARD FOR ACCIDENT AND HEALTH INSURANCE CONTRACTS (\u00a7 38.2-1378)\n\nFor accident and health insurance contracts issued on or after the operative\ndate of the valuation manual, the standard prescribed in the valuation manual is\nthe minimum standard of valuation required under subsection B of \u00a7 38.2-1366.\nFor disability and accident and sickness insurance contracts issued on or after\nJanuary 1, 1937, and prior to the operative date of the valuation manual, the\nminimum standard of valuation is the standard adopted by the Commission by\nregulation.\n\nHISTORY: 2014, c. 571."}