38.2-2008 - Review of rates by Commission. - Virginia Statutes

§ 38.2-2008. Review of rates by Commission.

The Commission may investigate and determine, (i) upon its own motion, (ii)at the request of any citizen of this Commonwealth, or (iii) at the requestof any insurer subject to this chapter, whether rates in this Commonwealthfor the insurance to which this chapter applies are excessive, inadequate orunfairly discriminatory. In accordance with its findings, the Commission mayorder changes in the rates that are fair and equitable to all interestedparties. In any investigation and determination, the Commission shall givedue consideration to those factors specified in subsection B of § 38.2-2005.

(Code 1950, §§ 38-212, 38-253.23, 38-253.69; 1952, c. 317, § 38.1-255; 1986,c. 562.)