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(Applicable to new or renewal policies issued before January 1, 2017) Approval of forms or provisions for certain risks (§ 38.2-2119)
2016A The Commission may approve and authorize the use of appropriate forms or provisions for supplemental contracts or extended coverage endorsements where the insured may be indemnified for (i) the difference between the actual cash value of the proper . . .
Market analyses confidential (§ 38.2-1317.2)
2016A All market analyses concerning companies or insurance transactions that are obtained by the Commission from the NAIC, including information generated by any NAIC databases developed for use by regulators, and all market analyses generated by the Co . . .
Enrollment following change in eligibility status under assistance programs (§ 38.2-3541.2)
2016A As used in this section, “assistance program” means the Commonwealth’s medical assistance services program, established pursuant to § 32.1-325, or the Family Access to Medical Insurance Security Plan, established pursuant to § 3 . . .
Payment discharges insurer (§ 38.2-321)
2016A An insurer shall be fully discharged from all claims under a life insurance policy, accident and sickness insurance policy, or annuity contract: B An insurer may not be fully discharged from all claims under a life insurance policy, accident and s . . .
Definitions (§ 54.1-3939)
2016As used in this article:”Agent” means any person who acts for another with or without compensation at the request, or with the knowledge and acquiescence, of the other in dealing with third persons.”Runner” or “capper . . .
Reinstatement (§ 38.2-3348)
2016Each industrial life insurance policy shall contain a provision that the policy, if not surrendered for its cash value or if the period of extended term insurance has not expired, may be reinstated within one year from the date of default in payment . . .
Accepting and expending certain funds on behalf of children placed by or entrusted to local board when no guardian appointed; disposition of funds when children discharged (§ 63.2-320)
2016A local board is authorized and empowered to accept and expend on behalf of and for the benefit of any child placed by it where legal custody remains with the parents or guardians, committed or entrusted to its care under §§ 63.2-900 and 63.2-903, . . .
Limitation on coverage (§ 51.1-503)
2016No person shall have more than one coverage under the group insurance program. Any person employed in more than one position which provides coverage under the group insurance program shall elect one position on which his coverage shall be based by w . . .
Use of photo-monitoring systems to enforce traffic light signals (§ 15.2-968.1)
2016A The governing body of any county, city, or town may provide by ordinance for the establishment of a traffic signal enforcement program imposing monetary liability on the operator of a motor vehicle for failure to comply with traffic light signals i . . .
Additional exclusions and limitations (§ 38.2-3531)
2016A Each group accident and sickness insurance policy shall contain a provision specifying all additional exclusions or limitations applicable under the policy for any disease or physical condition of a person, not otherwise excluded from the person . . .