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2010 SESSION
HB 448 Virginia Life, Accident & Sickness Insurance Guaranty Association; coverage for polices & contracts.
Introduced by: R. Lee Ware, Jr. | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Virginia Life, Accident and Sickness Insurance Guaranty Association. Updates and expands the scope of the Virginia Life, Accident and Sickness Insurance Guaranty Association. The Association provides a system for the protection of policy owners, annuitants, and other persons against failure in an insurer's performance of its contractual obligations under life and accident and sickness insurance policies and annuity contracts as a result of the insurer's impairment or insolvency. HB 574 is incorporated.
SUMMARY AS INTRODUCED:
Virginia Life, Accident and Sickness Insurance Guaranty Association. Updates and expands the scope of the Virginia Life, Accident and Sickness Insurance Guaranty Association. The Association provides a system for the protection of policy owners, annuitants, and other persons against failure in an insurer's performance of its contractual obligations under life and accident and sickness insurance policies and annuity contracts as a result of the insurer's impairment or insolvency.