Code · Virginia · Title 38.2 · Chapter 25

Code of Virginia § 38.2-2519. Classification of risks; rates.

60 words·~1 min read·/va/title-38-2/chapter-25/38-2-2519

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

Any insurer writing mutual assessment property and casualty insurance may classify the property or risk insured in accordance with the risk or hazard to which the property is subject, and fix the rate of assessment or premium for that insurance in accordance with the classification.

Code 1950, § 38-531; 1952, c. 317, § 38.1-676; 1974, c. 244; 1986, c. 562.