38.2-1924 - Cooperation among rate service organizations, or among rate service organizations and insurers, authorized; review by Commission. - Virginia Statutes

§ 38.2-1924. Cooperation among rate service organizations, or among rateservice organizations and insurers, authorized; review by Commission.

Cooperation among rate service organizations or among rate serviceorganizations and insurers in rate making or in other matters within thescope of this chapter is hereby authorized if the filings resulting from suchcooperation are subject to all the provisions of this chapter applying tofilings generally. The Commission may review such cooperative activities andpractices. If, after providing notice and opportunity to be heard, it findsthat any cooperative activity or practice is unfair, unreasonable orotherwise inconsistent with this chapter, the Commission shall issue awritten order (i) specifying in what respects the cooperative activity orpractice is unfair, unreasonable or otherwise inconsistent with this chapter,and (ii) requiring the discontinuance of the cooperative activity or practice.

(1973, c. 504, § 38.1-279.52; 1986, c. 562.)