Code of Virginia § 38.2-2127. Notice of change in deductible.
78 words·~1 min read·
/va/title-38-2/chapter-21/38-2-2127A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whenever an insurer unilaterally changes the deductible under a policy written to insure an owner-occupied dwelling, the insurer shall provide a written notice that
(i)explicitly states that the deductible has changed and
(ii)explains how the new deductible will be applied. Nothing in this section shall allow an insurer to change a deductible except at renewal. This section shall apply to all policies renewed in the Commonwealth on or after October 1, 2004.
2004, c. 745 .