Virginia Decodedhttps://vacode.org6985338.2-3914Policy to specify amount of payment and when to be paid2025InsuranceMutual Assessment Life, Accident and Sickness InsurersPolicy Provisions and Benefits
Each policy shall specify the sum of money payable upon the occurrence of the insured risk. Each policy shall also state that payment shall be made within thirty days after showing proof of the occurrence of the insured risk.