Code of Virginia § 38.2-4615. Exchange of information.
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/va/title-38-2/chapter-46/38-2-4615A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. In order to further more equitable adoption, use and adjustment of risk rates and premiums and forms of temporary insurance policies and contracts, the Commission and title insurance companies may
(i)exchange information and experience data with each other, and with the insurance supervisory officers and insurers of other states, and with national organizations and associations, including duly licensed rating organizations, and
(ii)may consult and cooperate with them with respect to risk rates, premiums, and forms of policies and contracts.
B. Any two or more licensed title insurance companies may act in concert with each other and with others with respect to any or all matters pertaining to the making of risk rates or premiums, or the preparation of forms of title insurance policies, underwriting rules and practices, surveys and investigations, or the furnishing of loss or expense statistics, or other information or data relating thereto.
1952, c. 317, § 38.1-734; 1986, c. 562.