                                 CODE OF VIRGINIA

FAILURE TO MAKE DISCLOSURE (§ 38.2-514)

A. No person shall sell, solicit, or negotiate the sale of an annuity, a life
insurance policy or an accident and sickness insurance policy without furnishing
the disclosure information required by any rules and regulations of the
Commission.

B. No person shall provide to an insured, claimant, subscriber or enrollee under
an accident and sickness insurance policy, subscription contract, or health
maintenance organization contract, an explanation of benefits which does not
clearly and accurately disclose the method of benefit calculation and the actual
amount which has been or will be paid to the provider of services.

HISTORY: Code 1950, § 38.1-52; 1952, c. 317, § 38.1-52.13; 1977, c. 529; 1978,
c. 441; 1979, c. 324; 1980, c. 404; 1986, c. 562; 1991, c. 620; 1992, c. 7;
1994, c. 320; 2001, cc. 371, 706.