                                 CODE OF VIRGINIA

REGULATIONS FOR ASSIGNMENT, RATE CLASSIFICATIONS, AND SCHEDULES (§ 46.2-466)

The Commission may make reasonable regulations for the assignment of risks to
insurance carriers.
		It shall establish rate classifications, rating schedules, rates, and
regulations to be used by insurance carriers issuing assigned risk, policies of
motor vehicle liability, physical damage, and medical payments insurance in
accordance with this chapter as appear to it to be proper.
		In the establishment of rate classifications, rating schedules, rates, and
regulations, it shall be guided by the principles and practices which have been
established under its statutory authority to regulate motor vehicle liability,
physical damage, and medical payments insurance rates and it may act in
conformity with its statutory discretionary authority in such matters.

HISTORY: Code 1950, § 46-487; 1958, c. 541, § 46.1-498; 1972, c. 842; 1989, c.
727.