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Virginia Provides Updates Regarding Guaranty Association Notice

Virginia issued Administrative letter 2014-05 dated October 6, 2014. The purpose of this Administrative Letter is to inform life, accident and sickness companies (insurers) of the updated disclaimer required to be attached to policies in order to comply with provisions of ยง38.2-1715 of the Code of Virginia. It explains that the revisions include a new address for the Guaranty Association and a new Bureau web address. It requires insurers to attach the Notice to policies or contracts delivered to Virginia policy or contract owners starting January 1, 2015. For details, please click here.

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