A. The purposes of this chapter are to protect policyholders and the public against the adverse effects of excessive, inadequate, or unfairly discriminatory insurance rates, and to authorize and regulate cooperative action among insurers in rate making and in other matters within the scope of this chapter. Nothing in this chapter is intended to (i) prohibit or discourage reasonable competition, or (ii) prohibit or encourage uniformity in insurance rates, rating systems and rating plans or practices, except to the extent necessary to accomplish the purposes mentioned above.
B. This chapter shall be liberally interpreted to effect the purposes of this chapter.
1952, c. 317, § 38.1-218; 1986, c. 562.
Structure Code of Virginia
Chapter 20 - Regulation of Rates for Certain Types of Insurance
§ 38.2-2000. Purposes of chapter
§ 38.2-2001. Insurance to which chapter applies
§ 38.2-2002. Joint underwriting and joint reinsurance
§ 38.2-2002.1. Residual market mechanism; reinsurance pool
§ 38.2-2003. Rate filings by insurer; supporting information
§ 38.2-2004. Filings by rate service organization
§ 38.2-2005. Provisions governing making of rates
§ 38.2-2006. Approval by Commission prerequisite to use of filing
§ 38.2-2008. Review of rates by Commission
§ 38.2-2010. Suspension or modification of requirement for filing
§ 38.2-2011. Interchange of rating data and information
§ 38.2-2013. Excess rate for specific risk
§ 38.2-2014. Contract or policy to accord with filings
§ 38.2-2016. Information regarding rates to be furnished insured
§ 38.2-2017. No rule prohibiting or regulating payment of dividends, etc., to be adopted
§ 38.2-2018. Person aggrieved by application of rating system to be heard; appeal to Commission
§ 38.2-2020. Rate service organization may procure actuarial, technical or other services
§ 38.2-2021. Examination of policies or other evidences of insurance
§ 38.2-2022. Advisory organizations defined
§ 38.2-2023. What to be filed with Commission by advisory organization
§ 38.2-2024. Unfair acts or practices of advisory organization
§ 38.2-2027. Withholding information; giving false or misleading information