The Commonwealth of Virginia has issued Administrative Letter 2015-07. Click here for the full Genworth Bulletin on this.
This Administrative Letter provides the following information:
- Definition of Adverse Underwriting Decisions (AUDs),
- Rights associated with AUDs,
- Information that should be contained in an AUD Notice,
- Examples of Actions Triggering AUD Notices,
- And when a Notice is required outlining the specific reason(s) for actions.