                                 CODE OF VIRGINIA

NOTICE OF LAPSE OR PENDING LAPSE OF CERTAIN LIFE AND ACCIDENT AND SICKNESS
INSURANCE POLICIES (§ 38.2-232)

A. Every insurer, health services plan, or health care plan that issues a
policy, contract, or plan of insurance or annuity as defined in &#xA7;&#xA7;
38.2-102 through 38.2-109 shall provide the policy owner, contract owner, or
plan owner with a written notice prior to the date that the policy, contract, or
plan will lapse for failure to pay premiums due.

B. The provisions of subsection A shall not apply (i) to group policies,
contracts, or plans of insurance or (ii) to individual policies, contracts, or
plans of insurance if the insurer, health services plan, or health care plan (a)
as a general business practice provides its policy owners, contract owners, or
plan owners with written notices of premiums due or (b) has furnished its policy
owner, contract owner, or plan owner with written notice separate from that
contained in the policy that the failure to pay premiums in a timely manner will
result in a lapse of such policy, contract, or plan.

HISTORY: 1991, c. 369; 2013, c. 93.