§ 38.2-4615. Exchange of information
A. In order to further more equitable adoption, use and adjustment of risk rates and premiums and forms of temporary insurance policies and contracts, the Commission and title insurance companies may (i) exchange information and experience data with each other, and with the insurance supervisory officers and insurers of other states, and with national organizations and associations, including duly licensed rating organizations, and (ii) may consult and cooperate with them with respect to risk rates, premiums, and forms of policies and contracts.
B. Any two or more licensed title insurance companies may act in concert with each other and with others with respect to any or all matters pertaining to the making of risk rates or premiums, or the preparation of forms of title insurance policies, underwriting rules and practices, surveys and investigations, or the furnishing of loss or expense statistics, or other information or data relating thereto.
(1952, c. 317, § 38.1-734; 1986, c. 562.)
Sections: Previous 38.2-4604 38.2-4605 38.2-4606 38.2-4607 38.2-4608 38.2-4609 38.2-4610 38.2-4610.1 38.2-4610.1:1 38.2-4610.2 38.2-4611 38.2-4613 38.2-4614 38.2-4615 38.2-4616 NextLast modified: April 3, 2009