Virginia Statutes
§ 38.2-1900 — Purposes of chapter
Virginia § 38.2-1900
This text of Virginia § 38.2-1900 (Purposes of chapter) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 38.2-1900 (2026).
Text
A.This chapter shall be liberally construed to achieve the purposes stated in subsection B of this section.
B.The purposes of this chapter are to:
1.Protect policyholders and the public against the adverse effects of excessive, inadequate or unfairly discriminatory rates;
2.Encourage independent action by insurers and reasonable price competition among insurers as the most effective way to produce rates that conform to the standards of subdivision 1;
3.Provide formal regulatory controls for use if independent action and price competition fail;
4.Authorize cooperative action among insurers in the rate making process, and regulate such cooperation in order to prevent practices that tend to create monopoly or to lessen or destroy competition;
5.Provide rates that are responsive t
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
1973, c. 504, § 38.1-279.29; 1986, c. 562.
Nearby Sections
15
§ 38.2-100
Definitions§ 38.2-1000
Incorporation of domestic stock insurers§ 38.2-1001
Incorporation of domestic mutual insurers§ 38.2-1004
Voting§ 38.2-1005
Certain mutual companies and societies not to become stock companies without approval of Commission§ 38.2-1005.1:1
Definitions§ 38.2-1005.1:10
Conflicts of interest§ 38.2-1005.1:11
Costs and expenses§ 38.2-1005.1:12
Failure to give notice§ 38.2-1005.1:13
Limitation on actionsCite This Page — Counsel Stack
Bluebook (online)
Virginia § 38.2-1900, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/38.2-1900.