§ 38.2-3516. Purpose
The purpose of this article is to authorize the Commission, pursuant to the authority granted in § 38.2-223, to issue rules and regulations to:
1. Provide reasonable standardization and simplification of terms and coverages of individual accident and sickness insurance policies;
2. Facilitate public understanding and comparison;
3. Eliminate provisions contained in individual accident and sickness insurance policies which may be misleading or unreasonably confusing in connection either with the purchase of coverages or with the settlement of claims; and
4. Provide for full disclosure in the sale of individual accident and sickness policies.
(1980, c. 204, § 38.1-362.11; 1986, c. 562.)
Sections: Previous 38.2-3511 38.2-3512 38.2-3513 38.2-3514 38.2-3514.1 38.2-3514.2 38.2-3515 38.2-3516 38.2-3517 38.2-3518 38.2-3519 38.2-3520 38.2-3521 38.2-3521.1 38.2-3522 NextLast modified: April 16, 2009