14VAC5-335-23: Required notice

The following notice, or a notice that is substantially similar, shall be provided in writing with each new and renewal claims-made liability insurance policy:

You have purchased claims-made liability insurance. When this insurance terminates, the insurer will send an offer with the available options for purchasing the supplemental extended reporting period. You may be entitled to receive information on claims under this policy. If you have any questions regarding your claims-made coverage or the importance of purchasing the supplemental extended reporting period, please contact your insurance company or your insurance agent.