Virginia Statutes
§ 38.2-3407.3:1 — Premium payment arrearages; order of crediting payments
Virginia § 38.2-3407.3:1
JurisdictionVirginia
Title 38.2INSURANCE
Ch. 34PROVISIONS RELATING TO ACCIDENT AND SICKNESS INSURANCE
Art. 1General Provisions
This text of Virginia § 38.2-3407.3:1 (Premium payment arrearages; order of crediting payments) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 38.2-3407.3:1 (2026).
Text
Each (i) insurer proposing to issue individual or group accident and sickness insurance policies providing hospital, medical and surgical or major medical coverage on an expense-incurred basis, (ii) corporation providing individual or group accident and sickness subscription contracts, and (iii) health maintenance organization providing a health care plan for health care services, shall when accepting premium payments in arrears, credit any such payments first to the longest-outstanding arrearage, and then in succession to the most recent arrearage or payment due.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
1999, c. 321.
Nearby Sections
15
§ 38.2-100
Definitions§ 38.2-1000
Incorporation of domestic stock insurers§ 38.2-1001
Incorporation of domestic mutual insurers§ 38.2-1004
Voting§ 38.2-1005
Certain mutual companies and societies not to become stock companies without approval of Commission§ 38.2-1005.1:1
Definitions§ 38.2-1005.1:10
Conflicts of interest§ 38.2-1005.1:11
Costs and expenses§ 38.2-1005.1:12
Failure to give notice§ 38.2-1005.1:13
Limitation on actionsCite This Page — Counsel Stack
Bluebook (online)
Virginia § 38.2-3407.3:1, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/38.2/38.2-3407.3%3A1.