™Your Policy Risk Impact Agent
68 chapters · 1,805 sections in this title.
Va. Code Ann. § 38.2-3734 License requirements
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Any person who, in this Commonwealth, on behalf of an insurer licensed in this Commonwealth, sells, solicits, or negotiates individual or group policies of credit life insurance shall first apply for and obtain a license from the Commission as either a life and annuities insuranc…
Va. Code Ann. § 38.2-3735 Disclosure and readability
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A. If a creditor makes available to the debtors more than one plan of credit life insurance or more than one plan of credit accident and sickness insurance, all debtors must be informed of all such plans for which they are eligible. In the case of credit life insurance: 1. If a c…
Va. Code Ann. § 38.2-3736 Noncontributory coverage
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If no specific charge is made to the debtor for credit life or credit accident and sickness insurance, the Commission is granted discretion in applying the provisions of this chapter. Each company must comply with § 38.2-3725 and the filing letter must specifically request an exe…
Va. Code Ann. § 38.2-3737 Application
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A. No contract of insurance upon a debtor shall be made or effectuated unless at the time of the contract, the debtor, being of lawful age and competent to contract for insurance, applies for the insurance in writing on a form approved by the Commission. B. The application or enr…