Virginia § 38.2-3516 Purpose

Virginia Statutes

§ 38.2-3516 — Purpose

Virginia § 38.2-3516

Title 38.2Insurance

Ch. 35Accident and Sickness Insurance Policies

Art. 2Accident and Sickness Insurance Minimum Standards

This text of Virginia § 38.2-3516 (Purpose) 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. § 38.2-3516 (2026).

Text

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.Establish the minimum standards for filing of policy forms for individual and small group health benefit plans as defined in § 38.2-3438;

2.Establish the minimum standards, terms, and coverages for individual and group accident and sickness policies known as excepted benefits, as defined in § 38.2-3431; and

3.Establish the minimum standards for short-term limited-duration insurance. The Commission shall ensure that policy standards are simple and understandable and are not misleading or unreasonably confusing and that the sale of such policies provides for full disclosure.

Free access — add to your briefcase to read the full text and ask questions with AI

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. Establish the minimum standards for filing of policy forms for individual and small group health benefit plans as defined in § 38.2-3438;

2. Establish the minimum standards, terms, and coverages for individual and group accident and sickness policies known as excepted benefits, as defined in § 38.2-3431; and

3. Establish the minimum standards for short-term limited-duration insurance.

The Commission shall ensure that policy standards are simple and understandable and are not misleading or unreasonably confusing and that the sale of such policies provides for full disclosure.