Code of Virginia § 38.2-500. Declaration of purpose.
64 words·~1 min read·
/va/title-38-2/chapter-5/38-2-500A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The purpose of this chapter is to regulate trade practices in the business of insurance in accordance with the intent of Congress as expressed in the McCarran-Ferguson Act, 15 U.S.C. §§ 1011 through 1015, by defining and prohibiting all practices in this Commonwealth that constitute unfair methods of competition or unfair or deceptive acts or practices.
1952, c. 317, § 38.1-49; 1986, c. 562.