§ 65.2-821. State Corporation Commission to make rules and regulations, and establish rating schedules and rate...
A. The State Corporation Commission may make reasonable rules and regulations for the assignment of risks to insurance carriers. It shall establish such rate classifications, rating schedules, rates, rules and regulations to be used by insurance carriers issuing assigned risk workers' compensation policies in accordance with this chapter as appear to it to be proper.
B. In the establishment of rate classifications, rating schedules, rates, rules and regulations, it shall be guided by such principles and practices as have been established under its statutory authority to regulate workers' compensation insurance rates and it may act in conformity with its statutory discretionary authority in such matters.
(Code 1950, § 65-114.2; 1956, c. 358; 1968, c. 660, § 65.1-120; 1991, c. 355.)
Sections: Previous 65.2-812 65.2-813 65.2-813.1 65.2-813.2 65.2-814 65.2-815 65.2-816 65.2-817 65.2-818 65.2-819 65.2-820 65.2-821 65.2-822 65.2-823 65.2-824 NextLast modified: April 3, 2009