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Conforming to statute (§ 38.2-3510)
2016No individual accident and sickness insurance policy provision that is not subject to this article shall make an individual accident and sickness insurance policy, or any portion of the policy, less favorable in any respect to the insured or the bene . . .
Deposit of money received pursuant to preneed funeral contract (§ 54.1-2822)
2016A Within 30 days following the receipt of any money paid pursuant to any preneed funeral contract or interest or income accrued thereon, unless such amounts are paid to fund either an annuity or an insurance policy which will be used to purchase the . . .
Minimum reserves (§ 38.2-1374)
2016A In no event shall an insurer’s aggregate reserves for all life insurance policies, excluding disability and accidental death benefits, be less than the aggregate reserves calculated in accordance with the methods set forth in §§ 38.2-1372, . . .
Custodial trustee for future payment or transfer (§ 64.2-902)
2016A A person having the right to designate the recipient of property payable or transferable upon a future event may create a custodial trust upon the occurrence of the future event by designating in writing the recipient, followed in substance by: . . .
Duration and termination of licenses and appointments (§ 38.2-1825)
2016A A license issued to: B The license issued to a resident variable contract agent pursuant to this chapter shall terminate immediately upon the termination of the licensee’s life and annuities insurance agent license, and may not be applied fo . . .
Requirements for doing business (§ 38.2-2619)
2016A A provider may, but is not required to, appoint an administrator or other designee to be responsible for any or all of the administration of home service contracts and compliance with this article. B Home service contracts shall not be issued, sol . . .
Distribution to insurers; records of loss experience as prerequisite to payment (§ 38.2-3001)
2016The Commission shall distribute moneys annually from the Fund among the several insurers writing motor vehicle bodily injury and property damage liability insurance on motor vehicles registered in this Commonwealth. Moneys shall be distributed in the . . .
Same; use of new mortality table; ordinary policies (§ 38.2-3207)
2016The provisions of this section shall not apply to ordinary policies issued on or after the operative date as defined in § 38.2-3209. In the case of ordinary policies issued on or after the operative date of § 38.2-3215, all adjusted premiums and pr . . .
Insurance plan for state-owned buildings and state-owned contents of buildings (§ 2.2-1836)
2016A Subject to the approval of the Governor, the Division shall establish a risk management plan that may be self-insurance or a combination of self-insurance and purchased insurance to provide coverage on (i) state-owned buildings and (ii) state-owned . . .
Certain data required (§ 54.1-2910.1)
2016A The Board of Medicine shall require all doctors of medicine, osteopathy and podiatry to report and shall make available the following information: B In addition, the Board shall provide for voluntary reporting of insurance plans accepted and manag . . .