Virginia Statutes
§ 38.2-2700 — Purposes of chapter
Virginia § 38.2-2700
JurisdictionVirginia
Title 38.2INSURANCE
Ch. 27BASIC PROPERTY INSURANCE RESIDUAL MARKET FACILITY AND JOINT UNDERWRITING ASSOCIATION
This text of Virginia § 38.2-2700 (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. § 38.2-2700 (2026).
Text
The purposes of this chapter are:
1.To assure stability in the property insurance market of this Commonwealth;
2.To assure the availability of basic property insurance for qualified property;
3.To encourage maximum use of the voluntary insurance market provided by licensed insurers in obtaining basic property insurance; and
4.To provide for the equitable distribution among licensed insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the voluntary insurance market.
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Legislative History
1968, c. 559, § 38.1-746; 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 § 38.2-2700, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/38.2/38.2-2700.