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2011 SESSION

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SB 916 Virginia Life, Accident and Sickness Insurance Guaranty Association; notice to policy owners.

Introduced by: Ryan T. McDougle | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Virginia Life, Accident and Sickness Insurance Guaranty Association; advertisements.  Requires that the Virginia Life, Accident and Sickness Insurance Guaranty Association's summary document be posted on the Association's website.

SUMMARY AS INTRODUCED:

Virginia Life, Accident and Sickness Insurance Guaranty Association; advertisements.  Exempts displays of the logo of the Virginia Life, Accident and Sickness Insurance Guaranty Association on letterheads and signs, plaques, and posters within the office or other place of business of an agent of a member insurer from the prohibition on any advertisement that uses the existence of the Association for the purpose of selling or soliciting covered insurance. The measure also permits agents to display or distribute pamphlets that state the types of policies for which guaranty funds will provide coverage and the maximum amount of such coverage.