§ 38.2-600. Purposes
The purposes of this chapter 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'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.
(1981, c. 389, § 38.1-57.3; 1986, c. 562.)
Sections: 38.2-600 38.2-601 38.2-602 38.2-603 38.2-604 38.2-604.1 38.2-605 38.2-606 38.2-607 38.2-608 38.2-609 38.2-610 38.2-611 38.2-612 38.2-612.1 NextLast modified: April 3, 2009