VA LEG Underinsured Coverage Notice

Published on: Apr 10, 2025

On Mar. 21, VA LEG issued bill on insurance policy notice requirements

  • VA LEG passed SB 1159 to revise language on underinsured motorist coverage notice.
  • Amended VA INS 38.2-22-38.2-2202, required notice of optional coverage available.
  • Document dated Mar. 21, 2025, was received on Apr. 7, 2025, due to a fixed feed.
  • Bill Provisions
  • Revised the language of notice required to be enclosed with all motor vehicle insurance policies issued, delivered, or renewed after Jan. 1, 2026, in the Commonwealth.
  • Insured may choose to change how underinsured motorist coverage is calculated.
  • Legislative History
  • On Jan. 22, 2025, bill was introduced in Senate; on Jan. 24, 2025, bill passed Senate.
  • On Feb. 3, 2025, bill was introduced in House; on Feb. 18, 2025, bill passed House.
  • On Mar. 21, 2025, bill was signed into law by the governor, assigned Chapter 331.
  • Effectiveness
  • Act is effective Jul. 1, 2025.
Regulators
VA LEG
Entity Types
Ins
Reference
Ch. 331, Bill SB1159, 3/21/2025; Citation: VA INS 38.2-22-38.2-2202;
Functions
Claims/Accelerated Benefits; Compliance; Legal; Operations; Reporting
Countries
United States of America
Category
State
N/A
Products
Auto/Motorcycle; Insurance; Insurance-Casualty
Rule Type
Final
Regions
Am
Rule Date
Mar 21, 2025
Effective Date
Jul 1, 2025
Rule ID
250135
Linked to
N/A
Reg. Last Update
Mar 21, 2025
Report Section
US Insurance