™Your Policy Risk Impact Agent
64 chapters · 1,789 sections in this title.
Va. Code Ann. § 38.2-3728 Use of rates
2.6K chars
A. Use of prima facie rates. An insurer that files rates or has rates on file that are not in excess of the prima facie rates set forth in § 38.2-3726 or published as set forth in § 38.2-3727, to the extent adjusted pursuant to § 38.2-3730, may use those rates without further pro…
Va. Code Ann. § 38.2-3729 Refunds
4.0K chars
A. Each individual policy or group certificate shall provide that, in the event of termination of the insurance prior to the scheduled maturity date of the indebtedness, any refund of an amount paid by the debtor for insurance shall be paid or credited promptly to the debtor or p…
Va. Code Ann. § 38.2-3730 Experience reports and adjustment of prima facie rates
1.5K chars
A. Each insurer doing insurance business in this Commonwealth shall annually file with the National Association of Insurance Commissioners a report of credit life and credit accident and sickness written on a calendar year basis. Such report shall utilize the Credit Insurance Sup…
Va. Code Ann. § 38.2-3731 Claims
1.3K chars
A. All claims shall be promptly reported to the insurer or its designated claim representative. The insurer shall maintain adequate claim files. All claims shall be settled as soon as possible and in accordance with the terms of the insurance contract. B. All claims shall be paid…