Virginia Administrative Code
Title 14 - INSURANCE
Agency 5 - STATE CORPORATION COMMISSION, BUREAU OF INSURANCE
Chapter 101 - RULES GOVERNING LIFE AND HEALTH FORMS FILINGS
Section 14VAC5-101-80 - Variability
Current through Register Vol. 41, No. 3, September 23, 2024
A. Use of variable bracketed information shall be limited. All variable information shall be clear, easily understood, and fully explain each use of the variable language.
B. Administrative information, such as officer names, titles and signatures, contact information, or company logo may be presented as variable bracketed text.
C. Different types of benefits may be variable only for inclusion or exclusion within the form. The use of brackets within brackets is not permitted, except when variability is necessary to identify a period of time or other numeric value.
D. Each instance of variable text shall appear in brackets on a form and shall be separately and completely explained in detail in a Statement of Variability document. Each explanation of variability shall appear in the same order that it appears on the form.
E. Requests for revisions to a Statement of Variability contained in a previously approved filing shall be accomplished by notification in the original filing.
Statutory Authority: §§ 12.1-13 and 38.2-223 of the Code of Virginia.