Virginia Administrative Code
Title 14 - INSURANCE
Agency 5 - STATE CORPORATION COMMISSION, BUREAU OF INSURANCE
Chapter 335 - RULES GOVERNING CLAIMS-MADE LIABILITY INSURANCE POLICIES
Section 14VAC5-335-50 - Prohibitions
Universal Citation: 4 VA Admin Code 5-335-50
Current through Register Vol. 41, No. 3, September 23, 2024
A. The supplemental extended reporting period coverage shall not be canceled by the insurer without the consent of the insured except for nonpayment of premium or fraud.
B. No insurer shall deny coverage under a supplemental extended reporting period on the basis that other applicable insurance coverage is in effect. An insurer may apply the supplemental extended reporting period coverage as excess over other insurance.
Statutory Authority: §§ 12.1-13 and 38.2-223 of the Code of Virginia.
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