Virginia § 46.2-466 Regulations for assignment, rate classifications, and schedules

Virginia Statutes

§ 46.2-466 — Regulations for assignment, rate classifications, and schedules

Virginia § 46.2-466

JurisdictionVirginia

Title 46.2MOTOR VEHICLES

Subtitle IITITLING, REGISTRATION AND LICENSURE

Ch. 3LICENSURE OF DRIVERS

Art. 16ASSIGNMENT OF INSURANCE RISKS

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Bluebook

Va. Code Ann. § 46.2-466 (2026).

Text

The Commission may make reasonable regulations for the assignment of risks to insurance carriers.

It shall establish rate classifications, rating schedules, rates, and regulations to be used by insurance carriers issuing assigned risk, policies of motor vehicle liability, physical damage, and medical payments insurance in accordance with this chapter as appear to it to be proper.

In the establishment of rate classifications, rating schedules, rates, and regulations, it shall be guided by the principles and practices which have been established under its statutory authority to regulate motor vehicle liability, physical damage, and medical payments insurance rates and it may act in conformity with its statutory discretionary authority in such matters.

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The Commission may make reasonable regulations for the assignment of risks to insurance carriers.

It shall establish rate classifications, rating schedules, rates, and regulations to be used by insurance carriers issuing assigned risk, policies of motor vehicle liability, physical damage, and medical payments insurance in accordance with this chapter as appear to it to be proper.

In the establishment of rate classifications, rating schedules, rates, and regulations, it shall be guided by the principles and practices which have been established under its statutory authority to regulate motor vehicle liability, physical damage, and medical payments insurance rates and it may act in conformity with its statutory discretionary authority in such matters.