Code of Virginia
Chapter 1 - General Provisions
§ 38.2-109. Accident and sickness

A. "Accident and sickness insurance" means insurance against loss resulting from sickness, or from bodily injury or death by accident or accidental means, or from a combination of any or all of these perils. As used in this title, unless the context requires otherwise, the term "accident and sickness insurance" shall be deemed to include "credit accident and sickness insurance."
B. The term "accident and sickness insurance" shall also include agreements insuring against losses resulting from health care claims or expenses of health care in excess of a specific or aggregate dollar amount, when such agreements are used to provide coverage to (i) an employee welfare benefit plan or any other plan providing accident and sickness benefits, (ii) a health maintenance organization, or (iii) a provider associated with a managed care network, provided:
1. The agreement clearly discloses the extent and duration of the liability assumed by the insurer once the policyholder's liability has been exceeded; and
2. The insurer maintains reserves in accordance with § 38.2-1314 for the liability it assumes under the agreement.
Such agreements shall not be subject to the requirements of Chapters 34 (§ 38.2-3400 et seq.) and 35 (§ 38.2-3500 et seq.) of this title.
1952, c. 317, § 38.1-5; 1986, c. 562; 1997, c. 28.

Structure Code of Virginia

Code of Virginia

Title 38.2 - Insurance

Chapter 1 - General Provisions

§ 38.2-100. Definitions

§ 38.2-100.1. Certified mail; subsequent mail or notices may be sent by regular mail

§ 38.2-101. Classification of insurance

§ 38.2-102. Life

§ 38.2-103. Credit life

§ 38.2-104. Industrial life

§ 38.2-105. Variable life

§ 38.2-105.1. Modified guaranteed life insurance

§ 38.2-106. Annuities

§ 38.2-106.1. Charitable gift annuities

§ 38.2-107. Variable annuity

§ 38.2-107.1. Modified guaranteed annuity

§ 38.2-107.2. Private family leave insurance

§ 38.2-108. Credit accident and sickness

§ 38.2-109. Accident and sickness

§ 38.2-110. Fire

§ 38.2-111. Miscellaneous property and casualty

§ 38.2-112. Water damage

§ 38.2-113. Burglary and theft

§ 38.2-114. Glass insurance

§ 38.2-115. Boiler and machinery

§ 38.2-116. Animal

§ 38.2-117. Personal injury liability

§ 38.2-118. Property damage liability

§ 38.2-119. Workers' compensation and employers' liability

§ 38.2-120. Fidelity

§ 38.2-121. Surety

§ 38.2-122. Credit

§ 38.2-122.1. Credit involuntary unemployment insurance

§ 38.2-122.2. Credit property insurance

§ 38.2-123. Title

§ 38.2-124. Motor vehicle

§ 38.2-125. Aircraft

§ 38.2-126. Marine

§ 38.2-127. Legal services insurance

§ 38.2-128. Mortgage guaranty insurance

§ 38.2-129. Home protection insurance

§ 38.2-130. Homeowners insurance

§ 38.2-131. Farmowners insurance

§ 38.2-132. Commercial multi-peril insurance

§ 38.2-133. Contingent and consequential losses

§ 38.2-134. Definitions to include other insurance of same general kind

§ 38.2-135. Classes of insurance companies may be licensed to write

§ 38.2-136. Reinsurance

§ 38.2-137. Flood insurance