Virginia Code 38.2-2214: Statement defining rate classifications to be provided by insurer to insured
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Any insurer issuing motor vehicle insurance policies as defined in § 38.2-2212, including those policies assigned to any insurer by the Virginia Automobile Insurance Plan, shall provide the named insured with a statement defining his rate classifications. This statement shall be provided at the time of issuance or at the time of renewal if there has been a change in the named insured’s rate classification. The statement shall not be considered a part of the policy and shall not be deemed a warranty or representation by the insurer to the insured.
Terms Used In Virginia Code 38.2-2214
- Commission: means the State Corporation Commission. See Virginia Code 38.2-100
- insurance policies: shall include contracts of fidelity, indemnity, guaranty and suretyship. See Virginia Code 38.2-100
- Insurer: means an insurance company. See Virginia Code 38.2-100
The Commission shall approve the form of the statement prior to its use.
1977, c. 188, § 38.1-381.7; 1979, c. 4; 1986, c. 562.