                                 CODE OF VIRGINIA

EXCESSIVE INSURANCE; REMEDY (§ 38.2-3547)

A. Any person holding industrial sick benefit insurance policies of several
insurers, that, in the aggregate, provide sick benefits in excess of 150 percent
of his weekly salary, wages or earnings, shall not be permitted to recover the
excess, nor shall the insurer be compelled to pay the excess, unless the
existence of all previous policies was admitted by the insured in all
applications for insurance in excess of such sum. If by misstatements, or by the
failure to admit the existence of previous policies, the insured has obtained
such excess additional policies, and has received benefits under such policies
in excess of the amount specified above the excess paid may be deducted from the
death benefit provided for in the policies.

B. This section shall not apply in any case where the application for the excess
policy did not contain any question in regard to the amount of insurance already
carried by the applicant, nor where the application blank was printed in less
than ten-point type.

HISTORY: Code 1950, § 38-360; 1952, c. 317, § 38.1-486; 1986, c. 562.