Life, Accident, and Sickness Insurance Guaranty Association; guidelines for use of logo. (SB38)
Introduced By
Sen. Bryce Reeves (R-Spotsylvania)
Progress
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Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia Life, Accident, and Sickness Insurance Guaranty Association; advertisements. Exempts displays of the logo of the Virginia Life, Accident, and Sickness Insurance Guaranty Association on letterheads and signs, plaques, and posters within the office or other place of business of an agent of a member insurer from the prohibition on any advertisement that uses the existence of the Association for the purpose of selling or soliciting covered insurance. The measure also permits agents to display or distribute pamphlets that state the types of policies for which guaranty funds will provide coverage and the maximum amount of such coverage. Amends § 38.2-1715 (“Prohibited advertisement of Association coverage in insurance sales; notice to policy owners.”), of the Code of Virginia. View Full Text »
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