                                 CODE OF VIRGINIA

OPERATION AND CONTROL OF RATE SERVICE ORGANIZATIONS (§ 38.2-1913)

A. No rate service organization shall provide any service relating to the rates
of any insurance subject to this chapter, and no insurer shall use the service
of a rate service organization for such purposes unless the rate service
organization has obtained a license under &#xA7; 38.2-1914.

B. No rate service organization shall refuse to supply any services for which it
is licensed in this Commonwealth to any insurer authorized to do business in
this Commonwealth and offering to pay the fair and usual compensation for the
services.

C. Any rate service organization subject to this chapter may provide for the
examination of policies, daily reports, binders, renewal certificates,
endorsements, other evidences of insurance, or evidences of the cancellation of
insurance, and may make reasonable rules governing their submission and the
correction of any errors or omissions in them. This provision applies to the
classes of insurance for which the rate service organization is licensed
pursuant to &#xA7; 38.2-1914.

D. A rate service organization may develop a uniform policy and uniform (i)
statistical plans, (ii) experience rating plans, and (iii) classification
systems for use by its members in the provision of insurance defined in &#xA7;
38.2-119 and the reporting of the experience of this line of insurance. Each
rate service organization may also develop manual rules for the recording and
reporting of experience data of members pursuant to its uniform plans and
systems. Such uniform plans, systems, and rules shall be filed with the
Commission by the rate service organization and be approved prior to their use
by members of the rate service organization.

E. No insurer shall be required to become a member or subscriber to any rate
service organization.

HISTORY: 1973, c. 504, § 38.1-279.41; 1986, c. 562; 1990, c. 596; 1993, c. 985.