{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-5207.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-5207.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-5207.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-5207.1.html"}],"law_id":86980,"edition_id":1,"section_id":86980,"structure_id":15692,"section_number":"38.2-5207.1","catch_line":"Disclosure; life insurance policies","history":"1990, c. 285.","full_text":"Whenever an individual life insurance policy which provides long-term care benefits within the policy or by rider is delivered, it shall be accompanied by a policy summary. In the case of direct response solicitations, the insurer shall deliver the policy summary upon the applicant’s request, but regardless of request shall make such delivery no later than at the time of policy delivery. In addition to complying with all applicable requirements, the summary shall also include:\n\n1\n\nAn explanation of how the long-term care benefit interacts with other components of the policy, including deductions from death benefits;2\n\nAn illustration of the amount of benefits, the length of benefit, and the guaranteed lifetime benefits, if any, for each covered person; and3\n\nAny exclusions, reductions, and limitations on benefits of long-term care.\n\t\t\tIf applicable to the policy type, the summary shall also include (i) a disclosure of the effects of exercising other rights under the policy, (ii) a disclosure of guarantees related to long-term care costs of insurance charges, and (iii) current and projected maximum lifetime benefits.","order_by":null,"text":{"0":{"id":311443,"text":"Whenever an individual life insurance policy which provides long-term care benefits within the policy or by rider is delivered, it shall be accompanied by a policy summary. In the case of direct response solicitations, the insurer shall deliver the policy summary upon the applicant’s request, but regardless of request shall make such delivery no later than at the time of policy delivery. In addition to complying with all applicable requirements, the summary shall also include:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":311444,"text":"An explanation of how the long-term care benefit interacts with other components of the policy, including deductions from death benefits;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":311445,"text":"An illustration of the amount of benefits, the length of benefit, and the guaranteed lifetime benefits, if any, for each covered person; and","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":311446,"text":"Any exclusions, reductions, and limitations on benefits of long-term care.\n\t\t\tIf applicable to the policy type, the summary shall also include (i) a disclosure of the effects of exercising other rights under the policy, (ii) a disclosure of guarantees related to long-term care costs of insurance charges, and (iii) current and projected maximum lifetime benefits.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2"}},"ancestry":[{"id":15692,"edition_id":1,"name":"Long-Term Care Insurance","identifier":"52","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:57:59","date_modified":"2026-06-26 03:57:59","permalink":{"id":217773,"object_type":"structure","relational_id":15692,"identifier":"52","token":"38.2\/52","url":"\/38.2\/52\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":81666,"structure_id":15692,"section_number":"38.2-5200","catch_line":"Definitions","url":"\/38.2-5200\/","token":"38.2\/52\/38.2-5200","metadata":false},{"id":69288,"structure_id":15692,"section_number":"38.2-5201","catch_line":"What laws applicable","url":"\/38.2-5201\/","token":"38.2\/52\/38.2-5201","metadata":false},{"id":60910,"structure_id":15692,"section_number":"38.2-5202","catch_line":"Promulgation of regulations; standards for policy provisions","url":"\/38.2-5202\/","token":"38.2\/52\/38.2-5202","metadata":false},{"id":81626,"structure_id":15692,"section_number":"38.2-5202.1","catch_line":"Refund of premium for cancellation or termination of policy","url":"\/38.2-5202.1\/","token":"38.2\/52\/38.2-5202.1","metadata":false},{"id":63690,"structure_id":15692,"section_number":"38.2-5203","catch_line":"Prohibited provisions","url":"\/38.2-5203\/","token":"38.2\/52\/38.2-5203","metadata":false},{"id":78536,"structure_id":15692,"section_number":"38.2-5204","catch_line":"Preexisting conditions","url":"\/38.2-5204\/","token":"38.2\/52\/38.2-5204","metadata":false},{"id":72116,"structure_id":15692,"section_number":"38.2-5205","catch_line":"Prior institutionalization","url":"\/38.2-5205\/","token":"38.2\/52\/38.2-5205","metadata":false},{"id":60114,"structure_id":15692,"section_number":"38.2-5206","catch_line":"Rates","url":"\/38.2-5206\/","token":"38.2\/52\/38.2-5206","metadata":false},{"id":61118,"structure_id":15692,"section_number":"38.2-5206.1","catch_line":"Rate increases; notice requirements","url":"\/38.2-5206.1\/","token":"38.2\/52\/38.2-5206.1","metadata":false},{"id":78975,"structure_id":15692,"section_number":"38.2-5207","catch_line":"Disclosure","url":"\/38.2-5207\/","token":"38.2\/52\/38.2-5207","metadata":false},{"id":86980,"structure_id":15692,"section_number":"38.2-5207.1","catch_line":"Disclosure; life insurance policies","url":"\/38.2-5207.1\/","token":"38.2\/52\/38.2-5207.1","metadata":false},{"id":66370,"structure_id":15692,"section_number":"38.2-5207.2","catch_line":"Long-term care benefits; monthly report","url":"\/38.2-5207.2\/","token":"38.2\/52\/38.2-5207.2","metadata":false},{"id":61536,"structure_id":15692,"section_number":"38.2-5208","catch_line":"Right to return; free look provision","url":"\/38.2-5208\/","token":"38.2\/52\/38.2-5208","metadata":false},{"id":65391,"structure_id":15692,"section_number":"38.2-5209","catch_line":"Incontestability","url":"\/38.2-5209\/","token":"38.2\/52\/38.2-5209","metadata":false},{"id":74733,"structure_id":15692,"section_number":"38.2-5210","catch_line":"Nonforfeiture benefit","url":"\/38.2-5210\/","token":"38.2\/52\/38.2-5210","metadata":false}],"previous_section":{"id":78975,"structure_id":15692,"section_number":"38.2-5207","catch_line":"Disclosure","url":"\/38.2-5207\/","token":"38.2\/52\/38.2-5207","metadata":false},"next_section":{"id":66370,"structure_id":15692,"section_number":"38.2-5207.2","catch_line":"Long-term care benefits; monthly report","url":"\/38.2-5207.2\/","token":"38.2\/52\/38.2-5207.2","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-5207.1\/","history_text":"

This law was first created in 1990. The record of its establishment is cataloged in chapter 285 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1990 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":false,"permalink":{"id":217815,"object_type":"law","relational_id":86980,"identifier":"38.2-5207.1","token":"38.2\/52\/38.2-5207.1","url":"\/38.2-5207.1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-5207.1\/","token":"38.2\/52\/38.2-5207.1","dublin_core":{"Title":"Disclosure; life insurance policies","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-5207.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Whenever an individual life insurance<\/span> policy<\/span> which provides long-term care benefits within the policy<\/span> or by rider is delivered, it shall be accompanied by a policy<\/span> summary. In the case of direct response solicitations, the insurer<\/span> shall deliver the policy<\/span> summary upon the applicant<\/span>’s request, but regardless of request shall make such delivery no later than at the time of policy<\/span> delivery. In addition to complying with all applicable requirements, the summary shall also include:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> An explanation of how the long-term care benefit interacts with other components of the policy<\/span>, including deductions from death benefits; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> An illustration of the amount of benefits, the length of benefit, and the guaranteed lifetime benefits, if any, for each covered person<\/span>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Any exclusions, reductions, and limitations on benefits of long-term care.\n\t\t\tIf applicable to the policy<\/span> type, the summary shall also include (i) a disclosure of the effects of exercising other rights under the policy<\/span>, (ii) a disclosure of guarantees related to long-term care costs of insurance<\/span> charges, and (iii) current and projected maximum lifetime benefits. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDISCLOSURE; LIFE INSURANCE POLICIES (\u00a7 38.2-5207.1)\n\nWhenever an individual life insurance policy which provides long-term care\nbenefits within the policy or by rider is delivered, it shall be accompanied by\na policy summary. In the case of direct response solicitations, the insurer\nshall deliver the policy summary upon the applicant’s request, but\nregardless of request shall make such delivery no later than at the time of\npolicy delivery. In addition to complying with all applicable requirements, the\nsummary shall also include:\n\n1. An explanation of how the long-term care benefit interacts with other\ncomponents of the policy, including deductions from death benefits;\n\n2. An illustration of the amount of benefits, the length of benefit, and the\nguaranteed lifetime benefits, if any, for each covered person; and\n\n3. Any exclusions, reductions, and limitations on benefits of long-term care.\n\t\t\tIf applicable to the policy type, the summary shall also include (i) a\ndisclosure of the effects of exercising other rights under the policy, (ii) a\ndisclosure of guarantees related to long-term care costs of insurance charges,\nand (iii) current and projected maximum lifetime benefits.\n\nHISTORY: 1990, c. 285.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}