38.2-5208 - Right to return; free look provision. - Virginia Statutes

§ 38.2-5208. Right to return; free look provision.

Long-term care insurance policies and certificates shall have a noticeprominently printed on the first page or attached thereto stating insubstance that the policyholder or insured person has the right to return thepolicy or certificate within thirty days of its delivery and to have thepremium refunded if, after examination of the policy or certificate, thepolicyholder or insured person is not satisfied for any reason. A policy orcertificate returned pursuant to the notice shall be void from its inceptionupon the mailing or delivery of the policy or certificate to the insurer orits agent.

(1987, c. 586; 1990, c. 285.)