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Interim binders (§ 38.2-4605)
2016Binders or other temporary insurance contracts may be made and used pending the issuance of a title insurance policy. . . .
Organization, internal procedures and delegation of powers; officers and employees as state employees (§ 30-246)
2016A The Commission members shall serve as the governing body of the Commission, and, except as hereinafter provided, shall exercise and discharge all powers, functions and responsibilities assigned to the Commission. The Commission shall provide for th . . .
Definitions (§ 38.2-5200)
2016As used in this chapter:”Applicant” means in the case of an individual long-term care insurance policy, the person who seeks to contract for such benefits, or in the case of a group long-term care insurance policy, the proposed certificat . . .
(Applicable to new or renewal policies issued on or after January 1, 2017) Motor vehicle insurer not to charge points or increase premiums in certain instances (§ 38.2-1905)
2016A No insurer may increase its insured’s premium or may charge points under a safe driver insurance plan to its insured as a result of a motor vehicle accident unless the accident was caused either wholly or partially by the named insured, a res . . .
Consignment vehicles; contract (§ 46.2-1531)
2016Any motor vehicle dealer offering a vehicle for sale on consignment shall have in his possession a consignment contract for the vehicle, executed and signed by the dealer and the consignor. The consignment contract shall include: Any dealer offeri . . .
Suspension, revocation, or termination of license (§ 38.2-1889)
2016A If a limited lines travel insurance agent or travel retailer or its employee or authorized representative violates any provision of this article, the Commission may do any of the following: B The license authority of any licensed limited lines pro . . .
Pretext interviews (§ 38.2-603)
2016No insurance institution, agent, or insurance-support organization shall use or authorize the use of pretext interviews to obtain information in connection with an insurance transaction. However, a pretext interview may be undertaken to obtain inform . . .
Access to obstetrician-gynecologists (§ 38.2-3407.11)
2016A Each (i) insurer proposing to issue individual or group accident and sickness insurance policies providing hospital, medical and surgical or major medical coverage on an expense incurred basis, (ii) corporation providing individual or group acciden . . .
Reserve calculation; valuation net premium exceeding the gross premium charged (§ 38.2-1376)
2016A If in any contract year the gross premium charged by an insurer on a policy or contract is less than the valuation net premium for the policy or contract calculated by the method used in calculating the reserve but using the minimum valuation stand . . .
State Corporation Commission to make rules and regulations, and establish rating schedules and rates (§ 65.2-821)
2016A The State Corporation Commission may make reasonable rules and regulations for the assignment of risks to insurance carriers. It shall establish such rate classifications, rating schedules, rates, rules and regulations to be used by insurance carr . . .