§ 38.2-3604

Free look notice required

Notwithstanding the provisions of § 38.2-3502, Medicare supplement policies shall have printed on the policy a notice stating substantially: “RIGHT TO RETURN POLICY WITHIN THIRTY DAYS. If for any reason you are not satisfied with your policy you may return this policy to the company within thirty days of the date you received it and the premium paid will be promptly refunded.”A policy returned pursuant to the notice shall be void upon the mailing or delivery of the policy to the insurer.Nothing in this section shall prohibit an insurer from extending the right to examine period to more than thirty days if the period is specified in the policy.


1980, c. 204, § 38.1-362.13; 1981, c. 575; 1986, c. 562; 1989, c. 151.


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