A. In order to further more equitable adoption, use and adjustment of risk rates and premiums and forms of temporary insurance policies and contracts, the Commission and title insurance companies may (i) exchange information and experience data with each other, and with the insurance supervisory officers and insurers of other states, and with national organizations and associations, including duly licensed rating organizations, and (ii) may consult and cooperate with them with respect to risk rates, premiums, and forms of policies and contracts.
B. Any two or more licensed title insurance companies may act in concert with each other and with others with respect to any or all matters pertaining to the making of risk rates or premiums, or the preparation of forms of title insurance policies, underwriting rules and practices, surveys and investigations, or the furnishing of loss or expense statistics, or other information or data relating thereto.
1952, c. 317, § 38.1-734; 1986, c. 562.
Structure Code of Virginia
§ 38.2-4600. Class of insurance and insurance companies to which chapter applies
§ 38.2-4601. Title insurance company defined
§ 38.2-4601.1. Title insurance agency or agent defined
§ 38.2-4602. What laws applicable
§ 38.2-4603. What companies may transact title insurance
§ 38.2-4604. Investment in plant and equipment
§ 38.2-4606. Forms to be filed with Commission
§ 38.2-4608. Title insurance rates
§ 38.2-4609. Loss or claim reserves
§ 38.2-4610.1. Unearned premium reserve
§ 38.2-4610.1:1. Unearned premium reserves of foreign title insurance companies
§ 38.2-4613. Unearned premium reserve to be held and administered for benefit of policyholders
§ 38.2-4615. Exchange of information
§ 38.2-4616. Notification to buyers of the availability of owner's title insurance