State Codes and Statutes
Statutes > Virginia > Title-38-2 > Chapter-35 > 38-2-3516§ 38.2-3516. Purpose.
The purpose of this article is to authorize the Commission, pursuant to theauthority granted in § 38.2-223, to issue rules and regulations to:
1. Provide reasonable standardization and simplification of terms andcoverages of individual accident and sickness insurance policies;
2. Facilitate public understanding and comparison;
3. Eliminate provisions contained in individual accident and sicknessinsurance policies which may be misleading or unreasonably confusing inconnection either with the purchase of coverages or with the settlement ofclaims; and
4. Provide for full disclosure in the sale of individual accident andsickness policies.
(1980, c. 204, § 38.1-362.11; 1986, c. 562.)
