A. No person shall sell, solicit, or negotiate the sale of an annuity, a life insurance policy or an accident and sickness insurance policy without furnishing the disclosure information required by any rules and regulations of the Commission.
B. No person shall provide to an insured, claimant, subscriber or enrollee under an accident and sickness insurance policy, subscription contract, or health maintenance organization contract, an explanation of benefits which does not clearly and accurately disclose the method of benefit calculation and the actual amount which has been or will be paid to the provider of services.
Code 1950, § 38.1-52; 1952, c. 317, § 38.1-52.13; 1977, c. 529; 1978, c. 441; 1979, c. 324; 1980, c. 404; 1986, c. 562; 1991, c. 620; 1992, c. 7; 1994, c. 320; 2001, cc. 371, 706.
Structure Code of Virginia
Chapter 5 - Unfair Trade Practices
§ 38.2-500. Declaration of purpose
§ 38.2-502. Misrepresentations and false advertising of insurance policies
§ 38.2-503. False information and advertising generally
§ 38.2-505. Boycott, coercion and intimidation
§ 38.2-506. False statements and entries
§ 38.2-507. Stock operations and advisory board contracts
§ 38.2-508. Unfair discrimination
§ 38.2-508.1. Unfair discrimination; members of the armed forces
§ 38.2-508.2. Discrimination prohibited
§ 38.2-508.3. Consideration of Medicaid eligibility prohibited
§ 38.2-508.4. Genetic information privacy
§ 38.2-510. Unfair claim settlement practices
§ 38.2-511. Failure to maintain record of complaints
§ 38.2-512. Misrepresentation in insurance documents or communications
§ 38.2-513.1. Insurance sales by depository institutions and other lending institutions
§ 38.2-514. Failure to make disclosure
§ 38.2-514.1. Disclosure required
§ 38.2-514.2. Disclosures required of motor vehicle rental contract insurance agents and enrollers
§ 38.2-515. Power of Commission
§ 38.2-515.1. Power of Commission; policies issued outside of the Commonwealth
§ 38.2-516. Prohibited compensation for intra-company replacement
§ 38.2-517. Unfair settlement practices; replacement and repair; penalty