Code of Virginia § 38.2-2214. Statement defining rate classifications to be provided by insurer to insured.

116 words·~1 min read·/va/title-38-2/chapter-22/38-2-2214

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any insurer issuing motor vehicle insurance policies as defined in § 38.2-2212 , including those policies assigned to any insurer by the Virginia Automobile Insurance Plan, shall provide the named insured with a statement defining his rate classifications. This statement shall be provided at the time of issuance or at the time of renewal if there has been a change in the named insured's rate classification. The statement shall not be considered a part of the policy and shall not be deemed a warranty or representation by the insurer to the insured.

The Commission shall approve the form of the statement prior to its use.

1977, c. 188, § 38.1-381.7; 1979, c. 4; 1986, c. 562.