Va. Code § 38.2-3546: Cancellation of sick benefit portion of policy
Where this section sits in the code
- Title 38.2. INSURANCE
- Chapter 35. ACCIDENT AND SICKNESS INSURANCE POLICIES
- Article 4. INDUSTRIAL SICK BENEFIT INSURANCE
Every policy of industrial sick benefit insurance issued in this Commonwealth after June 18, 1922, shall contain a provision that:1. The sick benefit portion of the policy may be cancelled by either the insurer or the insured and the life portion continued by a payment of twenty percent of the original premium;2. If the cancellation is by the insurer, it shall be without prejudice to any claim arising on account of disability commencing prior to the date on which the cancellation takes effect; and3. Written notice of the cancellation and payment for the unearned portion of the premium shall be delivered to the insured or mailed to him at his last known address.Code 1950, § 38-359; 1952, c. 317, § 38.1-485; 1986, c. 562.
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