Code of Virginia - Title 38.2 Insurance - Chapter 52 Long-Term Care Insurance
- 38.2-5200 Definitions
As used in this chapter: "Applicant" means in the case of an individual long-term care insurance policy, the person who seeks to contract for such ...
- 38.2-5201 What laws applicable
All policies and certificates shall comply with all of the provisions of this title relating to insurance policies and certificates generally, except Article 2 (§ ...
- 38.2-5202 Promulgation of regulations; standards for policy provisions
A. The Commission may adopt regulations to establish specific standards for policy provisions of long-term care insurance policies. These standards shall be in addition to ...
- 38.2-5202.1 Refund of premium for cancellation or termination of policy
A. Each individual long-term care insurance policy or certificate shall provide for refund of premium in the event of cancellation or termination of coverage. In ...
- 38.2-5203 Prohibited provisions
No long-term care insurance policy may: 1. Be cancelled, nonrenewed, or otherwise terminated on the grounds of the age or the deterioration of the mental ...
- 38.2-5204 Preexisting conditions
A. No long-term care insurance policy or certificate shall use a definition of "preexisting condition" which is more restrictive than the following: "preexisting condition" means ...
- 38.2-5205 Prior institutionalization
A. No long-term care insurance policy may be delivered or issued for delivery in this Commonwealth if such policy conditions eligibility (i) for any benefits ...
- 38.2-5206 Rates
A. Benefits provided for long-term care shall be reviewed and approved as set forth in regulations issued by the Commission addressing long-term care insurance. The ...
- 38.2-5207 Disclosure
In order to provide for fair disclosure in the sale of long-term care insurance policies: 1. An outline of coverage shall be delivered to an ...
- 38.2-5207.1 Disclosure; life insurance policies
Whenever an individual life insurance policy which provides long-term care benefits within the policy or by rider is delivered, it shall be accompanied by a ...
- 38.2-5207.2 Long-term care benefits; monthly report
Whenever long-term care benefits being paid are funded through a life insurance policy by acceleration of the death benefit, a monthly report shall be provided ...
- 38.2-5208 Right to return; free look provision
Long-term care insurance policies and certificates shall have a notice prominently printed on the first page or attached thereto stating in substance that the policyholder ...
- 38.2-5209 Incontestability
Each long-term care policy or certificate shall include an incontestability provision that includes the following: 1. For a policy or certificate that has been in ...
- 38.2-5210 Nonforfeiture benefit
A long-term care insurance policy or certificate shall not be delivered or issued for delivery in this Commonwealth unless the policyholder or certificateholder has been ...
Last modified: April 3, 2009