Virginia Statutes

§ 38.2-1918 — Agreements for equitable apportionment of insurance

Virginia § 38.2-1918
JurisdictionVirginia
Title 38.2INSURANCE
Ch. 19REGULATION OF RATES GENERALLY

This text of Virginia § 38.2-1918 (Agreements for equitable apportionment of insurance) 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. § 38.2-1918 (2026).

Text

A.Nothing in this chapter shall prohibit the making of agreements among insurers for the equitable apportionment among them of insurance which may be afforded applicants who are in good faith entitled to but who are unable to procure it through ordinary methods. Insurers may agree among themselves on the use of reasonable rate modifications for such insurance. These agreements and rate modifications shall be subject to the approval of the Commission.
B.The Commission may approve policy forms and endorsements for use by such insurers with respect to insurance afforded such applicants.

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Legislative History

1973, c. 504, § 38.1-279.45; 1986, c. 562.

Nearby Sections

15
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Bluebook (online)
Virginia § 38.2-1918, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/38.2/38.2-1918.