Code of Virginia - Title 38.2 Insurance - Section 38.2-1920 Excess rate for a specific risk

§ 38.2-1920. Excess rate for a specific risk

Subject to the Commission's approval, a rate in excess of that provided by an applicable filing may be used for a specific risk upon the filing of (i) written application of the insurer stating its reasons for the increased rate and (ii) the written consent of the insured or prospective insured.

(1973, c. 504, § 38.1-279.47; 1986, c. 562.)

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Last modified: April 3, 2009