Virginia Code 38.2-3916: Classification of risks; rates.
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Any insurer writing mutual assessment life, accident and sickness insurance may classify the risks insured against, and fix the rate of assessment of premium for such insurance in accordance with the classifications.
Terms Used In Virginia Code 38.2-3916
- Accident and sickness insurance: means insurance against loss resulting from sickness, or from bodily injury or death by accident or accidental means, or from a combination of any or all of these perils. See Virginia Code 38.2-109
- Insurer: means an insurance company. See Virginia Code 38.2-100
1985, c. 400, § 38.1-549.17; 1986, c. 562.