The purpose of this chapter is to regulate trade practices in the business of insurance in accordance with the intent of Congress as expressed in the McCarran-Ferguson Act, 15 U.S.C. §§ 1011 through 1015, by defining and prohibiting all practices in this Commonwealth that constitute unfair methods of competition or unfair or deceptive acts or practices.
Va. Code Ann. § 38.2-500
Declaration of purpose
Applied in 5 court decisions — leading case 891 F. Supp. 1153 - Ambrose v. Blue Cross & Blue Shield of Virginia, Inc. (1995)
Most recently applied in 151 F. Supp. 2d 723 - American Chiropractic Ass'n v. Trigon Healthcare, Inc. (July 2001)
1952, c. 317, § 38.1-49; 1986, c. 562.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.