Virginia Claims Compliance
Key regulatory requirements, correspondence deadlines, and mandated forms for Virginia (VA).
Quick Reference
Key Deadlines
Requirements
- Mandated Forms
- Catastrophe Rules
- Separate P&C / Life & Health
- Fraud Warning
- Depreciation Notice
- E-Delivery (with_consent)
Regulatory Authority
Virginia State Corporation Commission, Bureau of Insurance
Phone: (804) 371-9741 or toll-free (877) 310-6560; Address: P.O. Box 1157, Richmond, VA 23218; Email: [email protected]; Website: scc.virginia.gov
Bad Faith: Va. Code Ann. § 38.2-209
Lines of Business
Key Statutes
- Va. Code Ann. §§ 38.2-500 to 38.2-518
- 14VAC5-400-10 et seq.
Virginia handles claims correspondence according to specific state regulations. Requirements vary depending on the line of business and specific claim circumstances.
Acknowledgment
Every claim must be acknowledged within 15 days of receipt. The acknowledgment should identify the insurance policy and coverage at issue.
Denial
A written denial must be issued within 30 days. The denial must reference the specific policy provisions, conditions, or exclusions relied upon.
Statutory Language
Specific fraud warning required.
Applicable Letter Templates
No letter templates currently found for this jurisdiction.