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Free life insurance policy locator tool helps Virginians recover $37M

Free life insurance policy locator tool helps Virginians recover $37M Published Sunday, Jan. 31, 2021, 9:54 am Join AFP s 100,000+ followers on Facebook Purchase a subscription to AFP | Subscribe to AFP podcasts on iTunes News, press releases, letters to the editor: augustafreepress2@gmail.com Front Page » Government/Politics » Politics2 » Free life insurance policy locator tool helps Virginians recover $37M (© Gajus – stock.adobe.com) A free service provided by life insurance companies has helped 2,996 Virginia residents recover $37,338,096 pledged to them as beneficiaries of life insurance policies and annuity contracts since 2017. The State Corporation Commission Bureau of Insurance encourages any Virginian looking for lost or misplaced life insurance policies or annuity contracts (whether issued in Virginia or elsewhere) to take advantage of the free Life Insurance Policy Locator, which is offered through the National Association of Insurance Commissioners (NAIC).

Survey: Virginians favor stronger insurance laws to protect consumers - State of Reform

Survey: Virginians favor stronger insurance laws to protect consumers Shawna De La Rosa | Jan 21, 2021 Share this:     House Bill 2021, which was introduced in the House on Jan. 12, would modify the act. The changes would restrict contract revisions and allow individuals and families to better predict coverage. The bill, sponsored by Del. Wendy Gooditis, would prohibit a carrier from unilaterally amending any material provision of a provider contract or adding new material provisions to the contract within 12 months of the contract’s signing or last amendment. “These poll numbers clearly show that Virginians expect a greater degree of accountability from health insurance companies as well as more support for families and business from state regulators at the Bureau of Insurance who are charged with monitoring the conduct of insurers operating in the commonwealth,” said Sean T. Connaughton, Virginia Hospital & Healthcare Association president and CEO .

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