The Commission may investigate and determine, (i) upon its own motion, (ii) at the request of any citizen or any interested party in this Commonwealth, or (iii) at the request of any insurer subject to this chapter, whether rates in this Commonwealth for the classes of insurance to which this chapter applies are excessive, inadequate or unfairly discriminatory or whether loss experience and other factors within the Commonwealth are being properly used to determine the rates. In any such investigation and determination the Commission shall give separate consideration to those factors in the manner specified in § 38.2-1904.
Va. Code Ann. § 38.2-1909
Review of rates by Commission
Applied in 1 court decision — leading case 672 F. Supp. 249 - Gahres v. Phico Insurance (1987)
Most recently applied in 672 F. Supp. 249 - Gahres v. Phico Insurance (October 1987)
1973, c. 504, § 38.1-279.37; 1986, c. 562; 1987, c. 697.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.