38.2-3914 - Policy to specify amount of payment and when to be paid. - Virginia Statutes

§ 38.2-3914. Policy to specify amount of payment and when to be paid.

Each policy shall specify the sum of money payable upon the occurrence of theinsured risk. Each policy shall also state that payment shall be made withinthirty days after showing proof of the occurrence of the insured risk.

(1985, c. 400, § 38.1-549.15; 1986, c. 562.)