§ 38.2-3604. Free look notice required
Notwithstanding the provisions of § 38.2-3502, Medicare supplement policies shall have printed on the policy a notice stating substantially: "RIGHT TO RETURN POLICY WITHIN THIRTY DAYS. If for any reason you are not satisfied with your policy you may return this policy to the company within thirty days of the date you received it and the premium paid will be promptly refunded."
A policy returned pursuant to the notice shall be void upon the mailing or delivery of the policy to the insurer.
Nothing in this section shall prohibit an insurer from extending the right to examine period to more than thirty days if the period is specified in the policy.
(1980, c. 204, § 38.1-362.13; 1981, c. 575; 1986, c. 562; 1989, c. 151.)
Sections: Previous 38.2-3600 38.2-3601 38.2-3602 38.2-3603 38.2-3604 38.2-3605 38.2-3606 38.2-3607 38.2-3608 38.2-3609 NextLast modified: April 16, 2009