Virginia Code 38.2-1920: Excess rate for a specific risk
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Subject to the Commission‘s approval, a rate in excess of that provided by an applicable filing may be used for a specific risk upon the filing of (i) written application of the insurer stating its reasons for the increased rate and (ii) the written consent of the insured or prospective insured.
Terms Used In Virginia Code 38.2-1920
- Commission: means the State Corporation Commission. See Virginia Code 38.2-100
- Insurer: means an insurance company. See Virginia Code 38.2-100
1973, c. 504, § 38.1-279.47; 1986, c. 562.