Virginia Administrative Code
Title 14 - INSURANCE
Agency 5 - STATE CORPORATION COMMISSION, BUREAU OF INSURANCE
Chapter 30 - RULES GOVERNING LIFE INSURANCE AND ANNUITY REPLACEMENTS
Section 14VAC5-30-10 - Purpose
Universal Citation: 4 VA Admin Code 5-30-10
Current through Register Vol. 41, No. 3, September 23, 2024
The purpose of this chapter is to regulate the activities of insurers and agents with respect to the replacement of existing life insurance and annuities and to protect the interests of life insurance and annuity purchasers by establishing minimum standards of conduct to be observed in replacement or financed purchase transactions.
Statutory Authority
§§ 12.1-13 and 38.2-223 of the Code of Virginia.
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