                                 CODE OF VIRGINIA

PURPOSES (§ 38.2-600)

The purposes of this article are to:

1. Establish standards for the collection, use, and disclosure of information
gathered in connection with insurance transactions by insurance institutions,
agents or insurance-support organizations;

2. Maintain a balance between the need for information by those conducting the
business of insurance and the public&#8217;s need for fairness in insurance
information practices, including the need to minimize intrusiveness;

3. Establish a regulatory mechanism to enable natural persons to ascertain what
information is being or has been collected about them in connection with
insurance transactions and to have access to such information for the purpose of
verifying or disputing its accuracy;

4. Limit the disclosure of information collected in connection with insurance
transactions; and

5. Enable insurance applicants and policyholders to obtain the reasons for any
adverse underwriting decision.

HISTORY: 1981, c. 389, § 38.1-57.3; 1986, c. 562; 2020, c. 264.