A. The residual market facility may employ other organizations to perform inspection services to determine whether property is within the definition of qualified property.
B. The plan of operation regarding the inspection service, the experience and qualifications of the organization proposed to conduct the inspection service, the manner and scope of the inspection, and the form of the inspection report shall be set forth by the residual market facility in a written report made to the Commission and shall be subject to approval by the Commission.
1968, c. 559, § 38.1-748; 1980, c. 156; 1982, c. 664; 1986, c. 562.
Structure Code of Virginia
Chapter 27 - Basic Property Insurance Residual Market Facility and Joint Underwriting Association
§ 38.2-2700. Purposes of chapter
§ 38.2-2702. Establishment of residual market facility
§ 38.2-2703. Rules, rates, policy forms and endorsements subject to the approval of Commission
§ 38.2-2704. Inspection of property
§ 38.2-2705. Operation of inspection service
§ 38.2-2706. Service of process
§ 38.2-2707. When Commission may order implementation of §§ 38.2-2708 and 38.2-2709
§ 38.2-2708. Creation and plan of operation of joint underwriting association
§ 38.2-2710. Supervision and regulation by Commission
§ 38.2-2711. Immunity from liability; reports, etc., not public documents
§ 38.2-2713. Obligations not to be impaired in event of repeal of chapter