§ 38.2-3603 Same; minimum return for individual policies
Medicare supplement policies sold on an individual basis shall be expected to return to policyowners in the form of aggregate benefits at least sixty-five percent of the aggregate amount of premiums collected.
History
This law was first created in 1981. The record of its establishment is cataloged in chapter 575 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1981 “Acts” aren’t available online. It has been modified 2 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1986, chapter 562; in 1991, chapter 120.
1981, c. 575, § 38.1-362.8:3; 1986, c. 562; 1991, c. 120.