Code of Virginia § 38.2-2019. Cooperation among rate service organizations, or among rate service organizations and insurers, authorized; review by Commission.
128 words·~1 min read·
/va/title-38-2/chapter-20/38-2-2019A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Cooperation among rate service organizations or among rate service organizations and insurers in rate making or in other matters within the scope of this chapter is authorized if the filings resulting from the cooperation are subject to all the provisions of this chapter that are applicable to filings generally. The Commission may review cooperative activities and practices. If, after providing notice and opportunity to be heard, it finds that any activity or practice is unfair, unreasonable or otherwise inconsistent with this chapter, it shall issue an order
(i)specifying in what respects the activity or practice is unfair, unreasonable or otherwise inconsistent with this chapter, and
(ii)requiring the discontinuance of the activity or practice.
Code 1950, §§ 38-253.13, 38-253.59; 1952, c. 317, § 38.1-269; 1986, c. 562.