# VA Administrative Letter 1990-14: Clarification of Virginia Insurance Code Section 38.2-4904 - Annual Disclosure Statements, issued August 17, 1990, § 38.2-4904 > Virginia · Agency guidance · In force URL: https://www.frixlaw.com/law-library/statutes/VA_INS_AL_1990-14 ## Section - **Citation:** VA Administrative Letter 1990-14 - **Heading:** Clarification of Virginia Insurance Code Section 38.2-4904 - Annual Disclosure Statements, issued August 17, 1990, § 38.2-4904 - **Jurisdiction:** Virginia - **Kind:** Agency guidance - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Virginia SCC Bureau of Insurance Administrative Letters / Clarification of Virginia Insurance Code Section 38.2-4904 - Annual Disclosure Statements, issued August 17, 1990, § 38.2-4904 ## Text STEVEN T. FOSTER COMMISSIONER OF INSURANCE STATE CORPORATION COMMISSION BUREAU OF INSURANCE Box 1157 RICHMOND, VA 23209 TELEPHONE: (804) 786-3741 TDD/VOICE: (804) 225-3806 August 17, 1990 ADMINISTRATIVE LETTER 1990-14 TO: All Continuing Care Retirement Communities ("CCRCs") Approved in Virginia RE: Clarification of Virginia Insurance Code Section 38.2- 4904 — Annual Disclosure Statements Section 38.2-4904(A) of the Code of Virginia stipulates that within four months following the end of the provider's fiscal year, each provider shall file with the Commission and make available by written notice to each resident at no cost an annual disclosure statement w hich shall contain the information required for the initial disclosure statement. In addition, Virginia Code Section 38.2-4904(D) states that any amendments to a filed disclosure statement must be filed with the Commission before it is delivered to any resident or prospective resident and that the provider must notify each resident of the existence of the amendments. Accordingly, each resident is entitled, without charge, to his or her own copy of the annual disclosure statement, including any amendments, upon request by the resident of the provider. Upon the provider giving written notice to each resident advising that the annual disclosure statement is available and after a request by the resident for a copy thereof, the provider must furnish the resident with a gratis copy of the statement. Administrative Letter 1990-14 August 17, 1990 Page Two We hope that this letter will clarify the requirements of Virginia Code Section 38.2-4904. Should you have any questions regarding the contents of this letter, please direct them, in writing, to: Andy R. Delbridge, CFE, CIE, FLMI Supervisor, Company Licensing & Regulatory Compliance Financial Regulation Division P. O. Box 1157 Richmond, VA 23209 Sincerely, Steven T. Foster Commissioner of Insurance ## Nearby sections - [VA Administrative Letter 1979-20 Adoption of Actuarial Guidelines by the Bureau of Insurance, issued August 14, 1979](https://www.frixlaw.com/law-library/statutes/VA_INS_AL_1979-20.md) - [VA Administrative Letter 1979-21 Adoption of Actuarial Guidelines for Domestic Life Insurance Companies by the Bureau of Insurance, issued August 14, 1979](https://www.frixlaw.com/law-library/statutes/VA_INS_AL_1979-21.md) - [VA Administrative Letter 1981-09 Mortgage Guaranty Insurance Policies, issued August 19, 1981](https://www.frixlaw.com/law-library/statutes/VA_INS_AL_1981-09.md) - [VA Administrative Letter 1981-10 Risk Sharing Arrangements, issued August 13, 1981, § 38.2-1314 (formerly § 38.1-173)](https://www.frixlaw.com/law-library/statutes/VA_INS_AL_1981-10.md) - [VA Administrative Letter 1981-12 Mortgage Guaranty Insurance on Variable Rate Mortgages, issued September 11, 1981](https://www.frixlaw.com/law-library/statutes/VA_INS_AL_1981-12.md) - [VA Administrative Letter 1981-14 Mortgage Guaranty Insurance on Variable Rate Mortgages Allowing Negative Amortization, issued September 30, 1981](https://www.frixlaw.com/law-library/statutes/VA_INS_AL_1981-14.md) - [VA Administrative Letter 1982-10 Motor Vehicle Service Contracts, issued May 1982, §§ 38.2-124 and 38.2-125 (formerly § 38.1-21)](https://www.frixlaw.com/law-library/statutes/VA_INS_AL_1982-10.md) - [VA Administrative Letter 1983-07 Property and Casualty Rule, Rate and Form Filings: Life, Accident and Sickness and All Other Filings Required by Section 38.2-316 (formerly § 38.1-342.1) of the Code of Virginia, issued October 19, 1983](https://www.frixlaw.com/law-library/statutes/VA_INS_AL_1983-07.md) - [VA Administrative Letter 1987-04 Appointment of the Clerk of the Commission as Agent for Service of Process, issued March 13, 1987, § 38.2-1216](https://www.frixlaw.com/law-library/statutes/VA_INS_AL_1987-04.md) - [VA Administrative Letter 1990-14 Clarification of Virginia Insurance Code Section 38.2-4904 - Annual Disclosure Statements, issued August 17, 1990, § 38.2-4904](https://www.frixlaw.com/law-library/statutes/VA_INS_AL_1990-14.md) - [VA Administrative Letter 1990-15 Allocation of Group Premiums for Multijurisdictional Health Maintenance Organizations, issued October 1, 1990, § 38.2-400](https://www.frixlaw.com/law-library/statutes/VA_INS_AL_1990-15.md) - [VA Administrative Letter 1991-07 Contingency Reserve Funding Level Required by the Rules Governing Group Self-Insurers of Liability Under the Virginia Workers' Compensation Act (14 VAC 5-370-10 et seq., formerly Insurance Regulation No. 16), issued April 23, 1991](https://www.frixlaw.com/law-library/statutes/VA_INS_AL_1991-07.md) - [VA Administrative Letter 1992-06 Prohibition Against the Payment or Receipt of Title Insurance Kickbacks Rebates, Commissions and other Payments, issued February 19, 1992, §§ 38.2-509 and 38.2-4614](https://www.frixlaw.com/law-library/statutes/VA_INS_AL_1992-06.md) - [VA Administrative Letter 1993-06 Installment Payment Plans, issued May 3, 1993](https://www.frixlaw.com/law-library/statutes/VA_INS_AL_1993-06.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/VA_INS_AL_1990-14. Check the current official text before relying on it. Not legal advice.