CODE OF VIRGINIA

POLICY FORMS; POWERS OF COMMISSION (§ 38.2-3501)

A. Individual accident and sickness insurance policy forms and the rate manuals
showing rules and classification of risks applicable to individual accident and
sickness insurance policy forms shall be subject to the provisions of §
38.2-316. The Commission, subject to § 38.2-316, may disapprove or withdraw
approval of any such policy form if it finds that the benefits provided in the
policy form are or are likely to be unreasonable in relation to the premium
charged. If the Commission disapproves a policy form or withdraws approval of a
form, an insurer may proceed as indicated in § 38.2-1926.

B. The provisions of this section shall not apply in any instance in which the
provisions of this section are inconsistent or in conflict with a provision of
Article 6 (§ 38.2-3438 et seq.) of Chapter 34.

HISTORY: 1979, c. 726, § 38.1-362.8; 1986, c. 562; 2013, c. 751.