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Grace period (§ 38.2-3343)
2016A Each industrial life insurance policy shall contain a provision that the insured is entitled to a grace period of twenty-eight days within which the payment of any premium after the first may be made. This grace period shall terminate at noon on th . . .
Reorganization of mutual association into mutual holding company; approval by Commissioner; powers; issuance of stock (§ 6.2-1140)
2016A Notwithstanding any other provision of law, with the approval of the Commission, and in accordance with the provisions of this section and any regulations adopted pursuant to this section, any mutual association may reorganize to become a mutual ho . . .
Bonds as legal investments (§ 15.2-6618)
2016Bonds issued by the Authority under the provisions of this act are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions, all insurance companies, trust companies, banking association . . .
Misstatement of age (§ 38.2-3346)
2016Each industrial life insurance policy shall contain a provision that if, before final settlement of the policy, the age of the insured or the age of any other person if considered in determining the premium is found to have been misstated, the amount . . .
Fraudulent procurement of policy; penalty (§ 38.2-3103)
2016A No person shall knowingly secure, attempt to secure or cause to be secured a life insurance policy on any person who is not in an insurable condition by means of misrepresentations or false or fraudulent statements. B An insurance agent who violat . . .
Coverage for autism spectrum disorder (§ 38.2-3418.17)
2016A Notwithstanding the provisions of § 38.2-3419 and any other provision of law, each insurer proposing to issue group accident and sickness insurance policies providing hospital, medical and surgical, or major medical coverage on an expense-incurred . . .
Duty of in-network providers to submit claims to health insurers; liability of covered patients for unbilled health care services (§ 8.01-27.5)
2016A As used in this section:”Covered patient” means a patient whose health care services are covered under terms of a health care policy.”Health care policy” means any health care plan, subscription contract, evidence of coverag . . .
Provisions limiting jurisdiction, or requiring construction of contracts by law of other states, prohibited (§ 38.2-312)
2016No insurance contract delivered or issued for delivery in this Commonwealth and covering subjects which are located or residing in this Commonwealth, or which are performed in this Commonwealth shall contain any condition, stipulation or agreement: . . .
All fees, charges, etc., to be stated in policy (§ 38.2-310)
2016A All fees, charges, premiums or other consideration charged for the insurance or for the procurement of insurance shall be stated in the policy except in the case of fidelity, surety, title, and group insurance, and except for consulting services as . . .
Licensing of agents (§ 38.2-4132)
2016A Agents of societies shall be licensed as life and health agents in accordance with Chapter 18 (§ 38.2-1800 et seq.) of this title regulating the licensing, revocation, suspension or termination of licenses of resident and nonresident agents. B No . . .