38.2-3434 - Disclosure of information. - Virginia Statutes

§ 38.2-3434. Disclosure of information.

Any health insurance issuer offering health insurance coverage to a employershall make a reasonable disclosure of the availability of information to suchan employer, as part of its solicitation and sales materials, and uponrequest of such an employer, information concerning: (i) the provisions ofsuch coverage concerning the health insurance issuer's right to changepremium rates and the factors that may affect changes in premium rates; (ii)the provisions of such coverage relating to renewability of coverage; (iii)the provisions of such coverage relating to any preexisting conditionexclusion; and (iv) the benefits and premiums available under all healthinsurance coverage for which the employer is qualified.

A health insurance issuer is not required under this article to disclose anyinformation that is proprietary and trade secret information.

(1997, cc. 807, 913.)