§ 38.2-3501. Policy forms; powers of Commission
Individual accident and sickness insurance policy forms and the rate manuals showing rules and classification of risks applicable to individual accident and sickness insurance policy forms shall be subject to the provisions of § 38.2-316. The Commission, subject to § 38.2-316, may disapprove or withdraw approval of any such policy form if it finds that the benefits provided in the policy form are or are likely to be unreasonable in relation to the premium charged. If the Commission disapproves a policy form or withdraws approval of a form, an insurer may proceed as indicated in § 38.2-1926.
(1979, c. 726, § 38.1-362.8; 1986, c. 562.)
Sections: Previous 38.2-3500 38.2-3501 38.2-3502 38.2-3503 38.2-3504 38.2-3505 38.2-3506 38.2-3507 38.2-3508 38.2-3509 38.2-3510 38.2-3511 38.2-3512 38.2-3513 38.2-3514 NextLast modified: April 16, 2009