                                 CODE OF VIRGINIA

PURPOSES OF CHAPTER (§ 38.2-2000)

A. The purposes of this chapter are to protect policyholders and the public
against the adverse effects of excessive, inadequate, or unfairly discriminatory
insurance rates, and to authorize and regulate cooperative action among insurers
in rate making and in other matters within the scope of this chapter. Nothing in
this chapter is intended to (i) prohibit or discourage reasonable competition,
or (ii) prohibit or encourage uniformity in insurance rates, rating systems and
rating plans or practices, except to the extent necessary to accomplish the
purposes mentioned above.

B. This chapter shall be liberally interpreted to effect the purposes of this
chapter.

HISTORY: 1952, c. 317, § 38.1-218; 1986, c. 562.