                                 CODE OF VIRGINIA

NOTICE TO BE PRINTED ON POLICY; RETURN OF POLICY TO INSURER (§ 38.2-3502)

A. Any individual accident and sickness insurance policy delivered or issued for
delivery in this Commonwealth shall have printed on it a notice stating
substantially:
			&#8220;THIS POLICY MAY NOT APPLY WHEN YOU HAVE A CLAIM! PLEASE READ! This
policy was issued based on the information entered in your application, a copy
of which is attached to the policy. If you know of any misstatement in your
application, or if any information concerning the medical history of any insured
person has been omitted, you should advise the Company immediately regarding the
incorrect or omitted information; otherwise, your policy may not be a valid
contract.
			RIGHT TO RETURN POLICY WITHIN 10 DAYS. If for any reason you are not
satisfied with your policy, you may return this policy to the Company within ten
days of the date you received it and the premium you paid will be promptly
refunded.&#8221;

B. If a policyowner returns the policy within ten days from the date of receipt,
coverage under that policy shall become void from its inception upon the mailing
or delivery of the policy to the insurer or its agent.

C. If the first paragraph of the notice required in subsection A of this section
is inapplicable or partially inapplicable to a particular form of policy, the
insurer may modify or omit the notice with the Commission&#8217;s approval.

D. Nothing in this section shall prohibit an insurer from extending the right to
examine period to more than ten days if the period is stated in the policy.

HISTORY: 1966, c. 342, § 38.1-348.4; 1986, c. 562.