If the Commission finds, after a reasonable period of time, that the residual market facility established by § 38.2-2702 is not creating a market that meets the purposes of this chapter, the Commission may order the implementation of §§ 38.2-2708 and 38.2-2709.
1968, c. 559, § 38.1-749; 1973, c. 451; 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