Code of Virginia (Last Updated:July 28, 2020) |
TITLE 38.2. Insurance |
CHAPTER 20. Regulation of Rates for Certain Types of Insurance |
ARTICLE 2. Rate Filings and Making of Rates |
SECTION 38.2-2013. Excess rate for specific risk |
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 an insurer stating its reasons for the increased rate, accompanied by (ii) the written consent of the insured or prospective insured. Code 1950, §§ 38-211, 38-253.32, 38-253.78; 1952, c. 317, § 38.1-262; 1986, c. 562. |