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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>60173</law_id><section_number>38.2-1920</section_number><catch_line>Excess rate for a specific risk</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>38.2-1902</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="19">Regulation of Rates Generally</unit></structure><text>
						<section><p>Subject to the <span class="dictionary">Commission</span>&#x2019;s approval, a <span class="dictionary">rate</span> in excess of that provided by an applicable filing may be used for a specific risk upon the filing of (i) written application of the <span class="dictionary">insurer</span> stating its reasons for the increased <span class="dictionary">rate</span> and (ii) the written consent of the insured or prospective insured.</p></section></text><history>1973, c. 504, &#xA7; 38.1-279.47; 1986, c. 562.</history><metadata></metadata></law>
