                                 CODE OF VIRGINIA

APPROVAL BY COMMISSION PREREQUISITE TO USE OF FILING (§ 38.2-2006)

A. Except as provided in &#xA7; 38.2-2010, no filing shall become effective, be
applied, or be used in this Commonwealth until it has been approved by the
Commission. However, a rate produced in accordance with a rating schedule or
rating plan, previously approved by the Commission, may be used pending the
approval.

B. A filing shall be deemed to meet the requirements of this chapter and to
become effective unless disapproved by the Commission within sixty days of the
time that the filing was made. However, the Commission may extend the waiting
period for thirty additional days by written notice to the filer before the
sixty-day period expires.

C. If a filing is not accompanied by the information necessary for the
Commission to determine if the requirements of &#xA7; 38.2-2005 are satisfied,
the Commission shall so inform the filer within sixty days of the initial
filing. The filing shall be deemed to be made when the necessary information is
furnished.

D. The provisions of subsection B of this section shall be suspended when the
Commission has ordered a hearing to be held under the provisions of &#xA7;
38.2-2007.

HISTORY: Code 1950, §§ 38-210, 38-253.29, 38-253.75; 1952, c. 317, §
38.1-253; 1986, c. 562; 1987, c. 697.