A. Except as otherwise provided hereafter, insurers shall arbitrate and settle all disputed claims made for automobile physical damage between them in accordance with the terms of the Nationwide Intercompany Arbitration Agreement, or any successor thereto, as adopted and from time to time amended by its members, and the rules promulgated pursuant to the Agreement, unless the parties mutually agree, on a per case basis, to use another forum, which forum may include a court of competent jurisdiction, in which case the claim shall be arbitrated or tried in that alternate forum. Mandatory arbitration of disputed claims shall be limited solely to the issues of liability and damages.
B. Every automobile liability or physical damage insurer doing business in the Commonwealth shall be a member of the Nationwide Intercompany Arbitration Agreement, or any successor thereto, sponsored by the Committee on Insurance Arbitration. However, if any such insurer is unable to furnish proof of its membership in such agreement, an action may be asserted in a court of competent jurisdiction.
1994, c. 346; 1999, c. 514.
Structure Code of Virginia
Chapter 22 - Liability Insurance Policies
§ 38.2-2202. (Effective until July 1, 2023) Required notice of optional coverage available
§ 38.2-2202. (Effective July 1, 2023) Required notice of optional coverage available
§ 38.2-2205.1. Suspension of liability coverage at insured's request
§ 38.2-2206. (Effective until July 1, 2023) Uninsured motorist insurance coverage
§ 38.2-2206. (Effective July 1, 2023) Uninsured motorist insurance coverage
§ 38.2-2207. No policy to exclude coverage to employee
§ 38.2-2208. Notices of cancellation of or refusal to renew motor vehicle insurance policies
§ 38.2-2212.1. Powers of Commission; replacement policies
§ 38.2-2213. Discrimination in issuance of motor vehicle insurance
§ 38.2-2214. Statement defining rate classifications to be provided by insurer to insured
§ 38.2-2216. Medical benefit offset against liability or uninsured motorist coverage prohibited
§ 38.2-2217.1. Insurers required to renew motor vehicle liability coverage for vanpools; exceptions
§ 38.2-2218. Adoption of standard forms for motor vehicle insurance
§ 38.2-2219. Hearing on objections to the form
§ 38.2-2220. Use of form after adoption
§ 38.2-2221. Amendment of standard form
§ 38.2-2222. Withdrawal of form
§ 38.2-2223. Variations of, or additions to, form
§ 38.2-2225. Sending copies of orders to companies affected
§ 38.2-2226.1. Insurer to give notice of settlement of claim
§ 38.2-2228.2. Certain medical malpractice claims to be reported to the Commission
§ 38.2-2229. Claims-made liability insurance
§ 38.2-2230. Mandatory offer of rental reimbursement coverage
§ 38.2-2231. Physical damage arbitration between insurers; alternate forums
§ 38.2-2232. Liability insurance on private pleasure watercraft; optional coverage
§ 38.2-2233. Installment payments of motor vehicle insurance
§ 38.2-2234. Insurance credit score disclosure; use of credit information