Code of Virginia - Title 38.2 Insurance - Chapter 5 Unfair Trade Practices
- 38.2-500 Declaration of purpose
The purpose of this chapter is to regulate trade practices in the business of insurance in accordance with the intent of Congress as expressed in ...
- 38.2-501 Definitions
As used in this chapter: "Insurance policy" or "insurance contract" includes annuities and any group or individual contract, certificate, or evidence of coverage, including, but ...
- 38.2-502 Misrepresentations and false advertising of insurance policies
No person shall make, issue, circulate, cause or knowingly allow to be made, issued or circulated, any estimate, illustration, circular, statement, sales presentation, omission, or ...
- 38.2-503 False information and advertising generally
No person shall knowingly make, publish, disseminate, circulate, or place before the public, or cause or knowingly allow, directly or indirectly, to be made, published, ...
- 38.2-504 Defamation
No person shall make, publish, disseminate, or circulate, directly or indirectly, or aid, abet or encourage the making, publishing, disseminating or circulating of any oral ...
- 38.2-505 Boycott, coercion and intimidation
No person shall enter into any agreement to commit, or by any concerted action commit, any act of boycott, coercion or intimidation resulting in or ...
- 38.2-506 False statements and entries
No person shall: 1. Knowingly file with any supervisory or other public official, or knowingly make, publish, disseminate, circulate, or deliver to any person, or ...
- 38.2-507 Stock operations and advisory board contracts
No person shall issue or deliver or permit agents, officers, or employees to issue or deliver capital stock, benefit certificates or shares in any corporation, ...
- 38.2-508 Unfair discrimination
No person shall: 1. Unfairly discriminate or permit any unfair discrimination between individuals of the same class and equal expectation of life (i) in the ...
- 38.2-508.1 Unfair discrimination; members of the armed forces
A. No person shall refuse to issue or refuse to continue a life insurance policy on the life of any member of the United States ...
- 38.2-508.2 Discrimination prohibited
No person shall refuse to issue or refuse to continue a life insurance policy on the life of any individual solely because of that individual's ...
- 38.2-508.3 Consideration of Medicaid eligibility prohibited
A. No person shall, in determining the eligibility of an individual for coverage under an individual or group accident and sickness policy, health services plan ...
- 38.2-508.4 Genetic information privacy
A. As used in this section: "Genetic characteristic" means any scientifically or medically identifiable gene or chromosome, or alteration thereof, which is known to be ...
- 38.2-508.5 Re-underwriting individual under existing group or individual accident and sickness insurance polic...
A. No premium increase, including a reduced premium increase in the form of a discount, may be implemented for an insured individual under existing individual ...
- 38.2-509 Rebates
A. Except as otherwise expressly provided by law, no person shall: 1. Knowingly permit, offer, or make any insurance or annuity contract or agreement which ...
- 38.2-510 Unfair claim settlement practices
A. No person shall commit or perform with such frequency as to indicate a general business practice any of the following: 1. Misrepresenting pertinent facts ...
- 38.2-511 Failure to maintain record of complaints
No person other than agents or brokers, shall fail to maintain a complete record of all the complaints that it has received since the date ...
- 38.2-512 Misrepresentation in insurance documents or communications
A. No person shall make or cause or allow to be made false or fraudulent statements or representations on or relative to an application or ...
- 38.2-513 Description unavailable
Repealed by Acts 2001, c. 371. ...
- 38.2-513.1 Insurance sales by depository institutions and other lending institutions
A. No depository institution, in the sale or solicitation of insurance, shall: 1. Reject an insurance policy required in connection with a loan or extension ...
- 38.2-514 Failure to make disclosure
A. No person shall sell, solicit, or negotiate the sale of an annuity, a life insurance policy or an accident and sickness insurance policy without ...
- 38.2-514.1 Disclosure required
A. Any agent selling, soliciting, or negotiating a contract of insurance in conjunction with any automobile club service agreement or in conjunction with any accidental ...
- 38.2-514.2 Disclosures required of motor vehicle rental contract insurance agents and enrollers
No insurance may be sold, solicited, or negotiated by a motor vehicle rental contract insurance agent or enroller unless a conspicuous written disclosure is provided ...
- 38.2-515 Power of Commission
A. The Commission shall have power to examine and investigate the affairs of each person subject to this chapter to determine whether such person has ...
- 38.2-516 Prohibited compensation for intra-company replacement
No insurer shall pay a commission or other compensation to an appointed agent who has replaced an existing individual accident and sickness policy with a ...
- 38.2-517 Unfair settlement practices; replacement and repair; penalty
A. No person shall: 1. Require an insured or claimant to utilize designated replacement or repair facilities or services, or the products of designated manufacturers, ...
Last modified: April 3, 2009