§ 38.2-2700. Purposes of chapter
The purposes of this chapter are:
1. To assure stability in the property insurance market of this Commonwealth;
2. To assure the availability of basic property insurance for qualified property;
3. To encourage maximum use of the voluntary insurance market provided by licensed insurers in obtaining basic property insurance; and
4. To provide for the equitable distribution among licensed insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the voluntary insurance market.
(1968, c. 559, § 38.1-746; 1986, c. 562.)
Sections: 38.2-2700 38.2-2701 38.2-2702 38.2-2703 38.2-2704 38.2-2705 38.2-2706 38.2-2707 38.2-2708 38.2-2709 38.2-2710 38.2-2711 38.2-2712 38.2-2713 NextLast modified: April 3, 2009